Euronext Amsterdam's Top Dividend Stocks For August 2024
As global markets continue to navigate a complex economic landscape, the Euronext Amsterdam has shown resilience, reflecting broader European trends. With hopes for interest rate cuts and steady growth in key sectors, investors are increasingly looking towards stable dividend stocks as a reliable source of income. In light of these conditions, selecting dividend stocks that offer consistent payouts and strong fundamentals can be an effective strategy for those seeking stability amidst market fluctuations.
Top 5 Dividend Stocks In The Netherlands
Name | Dividend Yield | Dividend Rating |
Koninklijke Heijmans (ENXTAM:HEIJM) | 3.52% | ★★★★☆☆ |
Aalberts (ENXTAM:AALB) | 3.33% | ★★★★☆☆ |
Signify (ENXTAM:LIGHT) | 7.32% | ★★★★☆☆ |
Koninklijke BAM Groep (ENXTAM:BAMNB) | 5.57% | ★★★★☆☆ |
Randstad (ENXTAM:RAND) | 5.39% | ★★★★☆☆ |
ABN AMRO Bank (ENXTAM:ABN) | 9.93% | ★★★★☆☆ |
ING Groep (ENXTAM:INGA) | 7.00% | ★★★★☆☆ |
Acomo (ENXTAM:ACOMO) | 6.52% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Koninklijke BAM Groep
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Koninklijke BAM Groep nv, with a market cap of €965.63 million, operates globally through its subsidiaries in construction and property, civil engineering, and public-private partnerships (PPP).
Operations: Koninklijke BAM Groep nv generates revenue from its Division Netherlands (€3.15 billion), Division United Kingdom and Ireland (€3.17 billion), and Germany, Belgium, and International operations (€133.14 million).
Dividend Yield: 5.6%
Koninklijke BAM Groep has a dividend yield of 5.57%, placing it in the top 25% of Dutch dividend payers. However, its dividends have been volatile over the past decade and are not covered by free cash flow, raising sustainability concerns. Despite a low payout ratio of 31.9%, recent earnings reports show net income decreased to €54.9 million for H1 2024 from €60.2 million in H1 2023, with diluted EPS dropping to €0.20 from €0.22 year-over-year.
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 globally, with a market cap of €50.65 billion.
Operations: ING Groep N.V. generates revenue from several segments, including Retail Banking Netherlands (€4.97 billion), Retail Banking Belgium (€2.61 billion), Retail Banking Germany (€2.97 billion), Retail Banking Other (€4.14 billion), and Wholesale Banking (€6.69 billion).
Dividend Yield: 7.0%
ING Groep's dividend yield of 7% is among the top 25% in the Dutch market, but its dividend history is less stable, with payments only established over the last nine years and showing volatility. The company's payout ratio stands at 69.8%, indicating dividends are covered by earnings. Recent earnings reports show a decline in net income to €1.78 billion for Q2 2024 from €2.16 billion a year ago, yet an interim dividend of €0.35 per share has been affirmed for H1 2024.
Signify
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Signify N.V. offers lighting products, systems, and services across Europe, the Americas, and internationally with a market cap of €2.67 billion.
Operations: Signify N.V. generates revenue from its Conventional segment, amounting to €519 million.
Dividend Yield: 7.3%
Signify's dividend yield of 7.32% places it in the top 25% of Dutch dividend payers, but its eight-year history shows volatility and unreliability. The payout ratio is 80.4%, covered by earnings and cash flows (34.2%). Recent Q2 2024 results show net income increased to €62 million from €41 million a year ago despite a drop in sales to €1.48 billion from €1.64 billion, indicating strong earnings performance amidst revenue challenges.
Get an in-depth perspective on Signify's performance by reading our dividend report here.
Upon reviewing our latest valuation report, Signify's share price might be too pessimistic.
Summing It All Up
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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:BAMNB ENXTAM:INGA and ENXTAM:LIGHT.
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