3 Top Dividend Stocks On Euronext Amsterdam Yielding Up To 9.6%

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The Dutch stock market, like many global counterparts, has been experiencing volatility amid concerns about economic slowdowns and fluctuating interest rates. Despite these challenges, dividend stocks on Euronext Amsterdam continue to attract investors seeking stable income streams. In the current market environment, characterized by uncertainty and mixed economic signals, a good dividend stock is one that offers consistent payouts and demonstrates resilience in its financial performance.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Koninklijke Heijmans (ENXTAM:HEIJM)

3.89%

★★★★☆☆

Aalberts (ENXTAM:AALB)

3.32%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.45%

★★★★☆☆

ABN AMRO Bank (ENXTAM:ABN)

9.65%

★★★★☆☆

Signify (ENXTAM:LIGHT)

7.58%

★★★★☆☆

ING Groep (ENXTAM:INGA)

6.81%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.69%

★★★★☆☆

Click here to see the full list of 7 stocks from our Top Euronext Amsterdam Dividend Stocks screener.

We'll examine a selection from our screener results.

Aalberts

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Aalberts N.V. provides mission-critical technologies for the aerospace, automotive, building, and maritime sectors with a market cap of €3.76 billion.

Operations: Aalberts N.V. generates revenue from two primary segments: Building Technology (€1.74 billion) and Industrial Technology (€1.49 billion).

Dividend Yield: 3.3%

Aalberts, trading at 50% below its estimated fair value, offers a dividend yield of 3.32%, which is low compared to the top Dutch dividend payers. Despite its volatile and unreliable dividend history over the past decade, recent dividends are well-covered by earnings (41% payout ratio) and cash flows (60.4% cash payout ratio). Recent half-year earnings showed a slight decline in sales (€1.62 billion) and net income (€149.2 million), reflecting some financial pressure.

ENXTAM:AALB Dividend History as at Sep 2024
ENXTAM:AALB Dividend History as at Sep 2024

ABN AMRO Bank

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: ABN AMRO Bank N.V. offers a range of banking products and financial services to retail, private, and business clients both in the Netherlands and internationally, with a market cap of €13.04 billion.

Operations: ABN AMRO Bank N.V.'s revenue segments include Corporate Banking (€3.46 billion), Wealth Management (€1.55 billion), and Personal & Business Banking (€4.02 billion).

Dividend Yield: 9.6%

ABN AMRO Bank's dividend yield of 9.65% places it among the top 25% of Dutch dividend payers, though its nine-year history shows volatility and unreliability. Recent interim dividends were set at €0.60 per share, totaling €500 million, with a payout ratio of 50.5%, indicating coverage by earnings. The bank's net income for the first half of 2024 was €1.32 billion, down from last year’s €1.39 billion, reflecting some financial challenges ahead.

ENXTAM:ABN Dividend History as at Sep 2024
ENXTAM:ABN Dividend History as at Sep 2024

ING Groep

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: ING Groep N.V. offers a range of banking products and services across the Netherlands, Belgium, Germany, other parts of Europe, and internationally, with a market cap of €51.55 billion.

Operations: ING Groep N.V.'s revenue is primarily derived from Retail Banking in the Netherlands (€4.97 billion), Belgium (€2.61 billion), and Germany (€2.97 billion), along with Wholesale Banking (€6.69 billion) and other retail banking activities (€4.14 billion).

Dividend Yield: 6.8%

ING Groep N.V. has announced an interim dividend of €0.35 per share for the first half of 2024, maintaining a payout ratio of 69.8%, which indicates dividends are covered by earnings. Despite a decline in net income to €3.36 billion for the first half of 2024 from €3.75 billion last year, ING continues its share buyback program, repurchasing shares worth €1 billion recently, reflecting commitment to shareholder returns despite some financial headwinds.

ENXTAM:INGA Dividend History as at Sep 2024
ENXTAM:INGA Dividend History as at Sep 2024

Key Takeaways

  • Take a closer look at our Top Euronext Amsterdam Dividend Stocks list of 7 companies by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENXTAM:AALB ENXTAM:ABN and ENXTAM:INGA.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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