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Top Three Dividend Stocks On Euronext Amsterdam In July 2024

In This Article:

As global markets navigate through a complex landscape marked by trade tensions and shifting economic indicators, the Euronext Amsterdam stands out with its array of dividend-yielding stocks that promise stability and potential income for investors. In this context, understanding what defines a robust dividend stock is crucial, especially considering current market volatilities and economic uncertainties.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

ABN AMRO Bank (ENXTAM:ABN)

9.14%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.43%

★★★★☆☆

Van Lanschot Kempen (ENXTAM:VLK)

9.94%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.11%

★★★★☆☆

Koninklijke KPN (ENXTAM:KPN)

4.12%

★★★★☆☆

Koninklijke Heijmans (ENXTAM:HEIJM)

3.78%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.61%

★★★★☆☆

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

Let's take a closer look at a couple of our picks from the screened companies.

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 globally, with a market capitalization of approximately €13.77 billion.

Operations: ABN AMRO Bank N.V. generates revenue primarily through its Personal & Business Banking (€4.07 billion), Corporate Banking (€3.50 billion), and Wealth Management (€1.59 billion) segments.

Dividend Yield: 9.1%

ABN AMRO Bank's dividend sustainability is underpinned by a payout ratio of 47.9%, indicating dividends are well covered by earnings, though the bank's dividend history over the past eight years shows volatility and unreliability in payments. Despite trading at 60.2% below estimated fair value, suggesting attractiveness relative to intrinsic value, forecasted earnings decline at an average of 11.3% annually over the next three years could pressure future dividend sustainability. Recent strategic moves, including a fixed-income offering raising €747.225 million and expansions into Germany’s wealth management sector, highlight active efforts to diversify and strengthen operations which may influence future profitability and dividend capability.

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

Acomo

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

Overview: Acomo N.V. operates in sourcing, trading, processing, packaging, and distributing food ingredients for the food and beverage industry across the Netherlands, Europe, North America, and internationally with a market capitalization of approximately €0.52 billion.