3 Dividend Stocks On Euronext Amsterdam Yielding Up To 6.9%

Simply Wall St.
2024-10-21

As the European Central Bank's recent interest rate cuts aim to stimulate economic growth, major stock indexes across Europe have risen, reflecting positive investor sentiment. In this environment, dividend stocks on Euronext Amsterdam are garnering attention for their potential to offer stable income streams, making them an attractive option for investors seeking reliable returns amidst fluctuating market conditions.

Top 5 Dividend Stocks In The Netherlands

Name Dividend Yield Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM) 3.43% ★★★★☆☆
Randstad (ENXTAM:RAND) 5.23% ★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN) 9.68% ★★★★☆☆
Signify (ENXTAM:LIGHT) 6.92% ★★★★☆☆
Aalberts (ENXTAM:AALB) 3.37% ★★★★☆☆
ING Groep (ENXTAM:INGA) 6.92% ★★★★☆☆
Acomo (ENXTAM:ACOMO) 6.64% ★★★★☆☆

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.

Acomo

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

Overview: Acomo N.V. operates in the sourcing, trading, processing, packaging, and distribution of conventional and organic food ingredients for the food and beverage industry across various regions including Europe and North America, with a market cap of €512.98 million.

Operations: Acomo N.V.'s revenue is primarily derived from its segments: Spices and Nuts (€445.76 million), Organic Ingredients (€429.28 million), Edible Seeds (€246.52 million), Tea (€124.04 million), and Food Solutions (€23.47 million).

Dividend Yield: 6.6%

Acomo's dividend yield of 6.64% ranks in the top 25% among Dutch dividend payers, yet its sustainability is questionable due to a high payout ratio of 95.7%, indicating dividends are not well covered by earnings. Although dividends have grown over the past decade, they have been volatile and unreliable. Recent financial results show a decline in net income to €17.94 million for H1 2024, potentially impacting future dividend stability.

  • Take a closer look at Acomo's potential here in our dividend report.
  • The valuation report we've compiled suggests that Acomo's current price could be inflated.
ENXTAM:ACOMO Dividend History as at Oct 2024

ING Groep

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

Overview: ING Groep N.V. is a financial institution offering a range of banking products and services across the Netherlands, Belgium, Germany, and internationally, with a market cap of €50.29 billion.

Operations: ING Groep N.V.'s revenue is primarily derived from Retail Banking in the Netherlands (€4.97 billion), Wholesale Banking (€6.69 billion), Retail Banking Germany (€2.97 billion), and Retail Banking Belgium (€2.61 billion), along with contributions from the Corporate Line segment (€334 million).

Dividend Yield: 6.9%

ING Groep's dividend yield of 6.92% places it in the top 25% of Dutch dividend payers, with a current payout ratio of 69.8%, indicating dividends are covered by earnings and expected to improve to a 49.3% coverage in three years. However, its dividend history is less stable, marked by volatility over nine years. Recent share buybacks totaling €2.49 billion may enhance shareholder value but do not guarantee future dividend reliability or growth stability.

  • Click here to discover the nuances of ING Groep with our detailed analytical dividend report.
  • Upon reviewing our latest valuation report, ING Groep's share price might be too optimistic.
ENXTAM:INGA Dividend History as at Oct 2024

Signify

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

Overview: Signify N.V. operates as a provider of lighting products, systems, and services across Europe, the Americas, and internationally with a market cap of €2.83 billion.

Operations: Signify N.V.'s revenue segments include €519 million from Conventional lighting products.

Dividend Yield: 6.9%

Signify's dividend yield of 6.92% ranks it among the top 25% of Dutch dividend payers, supported by a cash payout ratio of 34.2%, ensuring coverage by cash flows despite an earnings payout ratio of 80.4%. However, its eight-year dividend history is marked by volatility and unreliability, with recent financial results showing mixed performance—sales declined to €1.48 billion in Q2 2024 while net income rose to €62 million compared to the previous year.

  • Delve into the full analysis dividend report here for a deeper understanding of Signify.
  • Our comprehensive valuation report raises the possibility that Signify is priced lower than what may be justified by its financials.
ENXTAM:LIGHT Dividend History as at Oct 2024

Turning Ideas Into Actions

  • Click through to start exploring the rest of the 4 Top Euronext Amsterdam Dividend Stocks now.
  • Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
  • Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Curious About Other Options?

  • Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
  • Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
  • Find companies with promising cash flow potential yet trading below their fair value.

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:ACOMO ENXTAM:INGA and ENXTAM:LIGHT.

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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