Yahoo Finance Top Three Dividend Stocks On Euronext Amsterdam In July 2024
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% | ★★★★☆☆ |
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.
Take a closer look at ABN AMRO Bank's potential here in our dividend report.
Upon reviewing our latest valuation report, ABN AMRO Bank's share price might be too pessimistic.
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.
Operations: Acomo N.V. specializes in the global provision of both conventional and organic food ingredients, catering to the food and beverage sector.
Dividend Yield: 6.6%
Acomo N.V. reported slightly increased sales of €668.2 million for the first half of 2024 but saw a decline in net income to €17.94 million, impacting basic earnings per share which dropped to €0.61 from €0.75 year-over-year. Despite a high dividend yield of 6.61%, Acomo's dividends have shown volatility over the past decade and are currently poorly covered by earnings with a high payout ratio of 95.7%. However, cash flows cover the dividends better, evidenced by a more moderate cash payout ratio of 51%. The company trades at a P/E ratio of 14.5x, below the Dutch market average.
Get an in-depth perspective on Acomo's performance by reading our dividend report here.
The valuation report we've compiled suggests that Acomo's current price could be inflated.
Van Lanschot Kempen
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Van Lanschot Kempen NV is a financial services provider operating both in the Netherlands and internationally, with a market capitalization of approximately €1.70 billion.
Operations: Van Lanschot Kempen NV generates revenue from its Investment Banking Clients and Wholesale & Institutional Clients segments, totaling approximately €41 million and €83.10 million respectively.
Dividend Yield: 9.9%
Van Lanschot Kempen, despite a short history of dividend payments, offers a reliable yield with dividends covered by earnings at 70.9%, projected to increase to 84.6% coverage in three years. The firm's recent share buyback of €22.66 million underscores its commitment to shareholder returns. With earnings growth of 81.8% last year and expected annual growth of 8.29%, coupled with a low Price-to-Earnings ratio at 13x—below the Dutch market average—the stock presents an appealing value though it lacks long-term dividend consistency.
Delve into the full analysis dividend report here for a deeper understanding of Van Lanschot Kempen.
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:ABN ENXTAM:ACOMO and ENXTAM:VLK.
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