Top 3 Dividend Stocks On Euronext Amsterdam In October 2024

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As the European Central Bank continues to cut rates, stimulating expectations for further monetary easing, the Dutch market has been experiencing a rise in major stock indexes. In this environment, dividend stocks on Euronext Amsterdam present an appealing option for investors seeking steady income streams amidst evolving economic conditions.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Koninklijke Heijmans (ENXTAM:HEIJM)

3.44%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.16%

★★★★☆☆

ABN AMRO Bank (ENXTAM:ABN)

9.85%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.96%

★★★★☆☆

Aalberts (ENXTAM:AALB)

3.36%

★★★★☆☆

ING Groep (ENXTAM:INGA)

7.05%

★★★★☆☆

Acomo (ENXTAM:ACOMO)

6.71%

★★★★☆☆

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

We're going to check out a few of the best picks from our screener tool.

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 internationally, with a market cap of €12.77 billion.

Operations: ABN AMRO Bank's revenue is primarily derived from Personal & Business Banking (€4.02 billion), Corporate Banking (€3.46 billion), and Wealth Management (€1.55 billion).

Dividend Yield: 9.8%

ABN AMRO Bank's dividend yield is among the highest in the Dutch market, yet its dividend history has been volatile over the past nine years. Despite recent earnings growth, future earnings are forecasted to decline, which could impact dividend reliability. The bank's payout ratio of 50.5% suggests dividends are currently sustainable and expected to remain covered by earnings in three years at 47.1%. However, a low allowance for bad loans may pose risks to financial stability.

ENXTAM:ABN Dividend History as at Oct 2024
ENXTAM:ABN 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 globally with a market cap of €2.81 billion.

Operations: Signify N.V.'s revenue segments include Conventional lighting, which generated €519 million.

Dividend Yield: 7.0%

Signify's dividend yield ranks in the top quartile of Dutch payers, yet its eight-year history reveals volatility and unreliability. Despite a high payout ratio of 80.4%, dividends are supported by earnings and cash flows, with a low cash payout ratio of 34.2%. Recent earnings growth is notable; however, its removal from the FTSE All-World Index may affect investor perception. Trading significantly below estimated fair value could indicate potential undervaluation despite unstable dividends.