Euronext Amsterdam Dividend Stocks ABN AMRO Bank And 2 Top Picks

In this article:

The Dutch market has shown resilience amid global economic uncertainties, with indices like the STOXX Europe 600 Index managing to claw back losses. In this environment, dividend stocks can offer a stable income stream and potential for growth, making them an attractive option for investors. When evaluating dividend stocks such as ABN AMRO Bank and others on Euronext Amsterdam, it's crucial to consider factors like consistent payout history, financial health, and the ability to maintain dividends during volatile periods.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Koninklijke Heijmans (ENXTAM:HEIJM)

3.50%

★★★★☆☆

Aalberts (ENXTAM:AALB)

3.38%

★★★★☆☆

Signify (ENXTAM:LIGHT)

7.45%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.48%

★★★★☆☆

ABN AMRO Bank (ENXTAM:ABN)

9.83%

★★★★☆☆

ING Groep (ENXTAM:INGA)

7.21%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.52%

★★★★☆☆

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

Let's explore several standout options from the results in the screener.

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 €12.80 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: 9.8%

ABN AMRO Bank's recent interim dividend was set at €0.60 per share, totaling €500 million. Despite a slight decrease in net income to €1.32 billion for the first half of 2024, the bank maintains a reasonable payout ratio of 50.5%, ensuring dividends are covered by earnings and forecasted to remain sustainable (47.1% payout ratio in three years). However, its dividend history is volatile with only eight years of payments and inconsistent growth.

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

Acomo

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

Overview: Acomo N.V. is involved in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients and solutions for the food and beverage industry across the Netherlands, Europe, North America, and internationally with a market cap of €522.46 million.

Operations: Acomo N.V. generates revenue through several segments, including Tea (€124.04 million), Edible Seeds (€246.52 million), Food Solutions (€23.47 million), Spices and Nuts (€445.76 million), and Organic Ingredients (€429.28 million).

Dividend Yield: 6.5%

Acomo reported H1 2024 earnings with sales of €668.2 million and net income of €17.94 million, down from €22.16 million a year ago. Despite a high payout ratio (95.7%) indicating dividends aren't well covered by earnings, the cash payout ratio is reasonable at 51%. The dividend yield stands at 6.52%, placing it in the top quartile of Dutch dividend payers, though its history shows volatility and unreliability over the past decade.

ENXTAM:ACOMO Dividend History as at Aug 2024
ENXTAM:ACOMO Dividend History as at Aug 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 €49.43 billion.

Operations: ING Groep N.V.'s revenue segments include Retail Banking Netherlands (€4.97 billion), Retail Banking Germany (€2.97 billion), Retail Banking Belgium (€2.61 billion), Wholesale Banking (€6.69 billion), and other retail banking activities across various regions (€4.14 billion).

Dividend Yield: 7.2%

ING Groep's recent earnings report showed a decline in net interest income and net income compared to the previous year. Despite this, the company affirmed an interim dividend of €0.35 per share for H1 2024, reflecting a reasonable payout ratio of 69.8%. The dividend yield is among the top 25% in the Dutch market but has shown volatility over its less than ten-year history of payments. Earnings are forecasted to cover dividends sustainably in three years.

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

Turning Ideas Into Actions

Ready To Venture Into Other Investment Styles?

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:ABN ENXTAM:ACOMO and ENXTAM:INGA.

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

Advertisement