Top 3 Dividend Stocks On Euronext Amsterdam In September 2024

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As European inflation nears the central bank's target, the pan-European STOXX Europe 600 Index has reached record highs, bolstering investor confidence. Amid this favorable economic backdrop, dividend stocks on Euronext Amsterdam present compelling opportunities for income-focused investors seeking stability and growth. In selecting strong dividend stocks, it's crucial to consider companies with a consistent track record of payouts and robust financial health, especially in a market environment where inflation trends support potential interest rate cuts.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Koninklijke Heijmans (ENXTAM:HEIJM)

3.46%

★★★★☆☆

Aalberts (ENXTAM:AALB)

3.21%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.24%

★★★★☆☆

ABN AMRO Bank (ENXTAM:ABN)

9.75%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.97%

★★★★☆☆

ING Groep (ENXTAM:INGA)

6.75%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.53%

★★★★☆☆

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

We'll examine a selection from our screener results.

Acomo

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

Overview: Acomo N.V. and its subsidiaries are involved in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients for the food and beverage industry globally, with a market cap of €521.27 million.

Operations: Acomo N.V.'s revenue segments include 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's dividend yield of 6.53% is among the top 25% in the Dutch market, but its high payout ratio (95.7%) indicates dividends are not well covered by earnings, though they are covered by cash flows (51%). The company's dividend payments have been volatile over the past decade and not reliably growing. Recent H1 2024 earnings showed stable sales (€668.2 million) but a decline in net income (€17.94 million) compared to last year, impacting dividend sustainability further.

ENXTAM:ACOMO Dividend History as at Sep 2024
ENXTAM:ACOMO Dividend History as at Sep 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, the rest of Europe, and internationally, with a market cap of €52.11 billion.

Operations: ING Groep N.V.'s revenue segments include Retail Banking in the Netherlands (€4.97 billion), Belgium (€2.61 billion), and Germany (€2.97 billion), as well as Wholesale Banking (€6.69 billion) and the Corporate Line (€334 million).