Top Dividend Stocks On Euronext Amsterdam In October 2024

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As global markets grapple with rising oil prices due to escalating Middle East tensions and shifting economic indicators, the Dutch market has shown resilience amid broader European caution. In this environment, dividend stocks on Euronext Amsterdam offer a compelling opportunity for investors seeking steady income streams, particularly as interest rates and inflationary pressures influence investment decisions.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Koninklijke Heijmans (ENXTAM:HEIJM)

3.35%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.09%

★★★★☆☆

ABN AMRO Bank (ENXTAM:ABN)

9.64%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.89%

★★★★☆☆

Aalberts (ENXTAM:AALB)

3.20%

★★★★☆☆

ING Groep (ENXTAM:INGA)

6.85%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.51%

★★★★☆☆

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.

Koninklijke Heijmans

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

Overview: Koninklijke Heijmans N.V. operates in property development, construction, and infrastructure sectors in the Netherlands and internationally, with a market cap of €713.57 million.

Operations: Koninklijke Heijmans N.V.'s revenue segments include €871.03 million from Connecting and €1.83 billion from Segment Adjustment.

Dividend Yield: 3.3%

Koninklijke Heijmans has shown strong earnings growth, with a recent half-year net income of €37 million, up from €18 million. Despite this, its dividend history is volatile and unreliable over the past decade. However, dividends are well-covered by both earnings (30% payout ratio) and cash flows (20.7% cash payout ratio). The current dividend yield of 3.35% is below the top tier in the Dutch market but supported by solid financial coverage.

ENXTAM:HEIJM Dividend History as at Oct 2024
ENXTAM:HEIJM Dividend History as at Oct 2024

Signify

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

Overview: Signify N.V. is a company that offers lighting products, systems, and services across Europe, the Americas, and internationally with a market cap of €2.84 billion.

Operations: Signify N.V.'s revenue is primarily derived from its Conventional segment, which accounts for €519 million.

Dividend Yield: 6.9%

Signify's dividend yield is among the top 25% in the Dutch market, supported by a low cash payout ratio of 34.2%, indicating strong coverage by cash flows. However, its dividend history is volatile and unreliable over the past eight years, with significant annual drops. Despite recent earnings growth, with net income rising to €62 million for Q2 2024 from €41 million a year ago, its dividends remain unstable. The stock trades significantly below estimated fair value but was recently dropped from the FTSE All-World Index.