As global markets react to the recent rate cut by the U.S. Federal Reserve, European indices have shown mixed performance, with cautious optimism prevailing among investors. In this context, dividend stocks on Euronext Amsterdam remain a compelling option for those seeking stable income and potential growth. A good dividend stock typically offers consistent payouts and demonstrates resilience amid fluctuating market conditions. With this in mind, let's explore three top dividend stocks on Euronext Amsterdam for September 2024.

Top 5 Dividend Stocks In The Netherlands

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

Let's dive into some prime choices out of the screener.

Aalberts

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

Overview: Aalberts N.V. provides mission-critical technologies for the aerospace, automotive, building, and maritime sectors, with a market cap of €3.87 billion.

Operations: Aalberts N.V. generates revenue from two main segments: Building Technology (€1.74 billion) and Industrial Technology (€1.49 billion).

Dividend Yield: 3.2%

Aalberts N.V. has shown a growing dividend over the past decade, though payments have been volatile. The current payout ratio of 41% and cash payout ratio of 60.4% indicate dividends are well-covered by earnings and free cash flow, respectively. Despite trading at a good value compared to peers, recent earnings reports show a decline in net income to €149.2 million for H1 2024 from €160 million the previous year, reflecting potential challenges ahead.

• Delve into the full analysis dividend report here for a deeper understanding of Aalberts.

• Our expertly prepared valuation report Aalberts implies its share price may be lower than expected.

Koninklijke Heijmans

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

Overview: Koninklijke Heijmans N.V. operates in property development, construction, and infrastructure sectors both in the Netherlands and internationally, with a market cap of €661.26 million.

Operations: Koninklijke Heijmans N.V. generates revenue of €871.03 million from its Connecting segment and €1.83 billion from Segment Adjustment activities.

Dividend Yield: 3.6%

Koninklijke Heijmans N.V. has had volatile and unreliable dividend payments over the past decade, despite a recent increase. The company's dividends are well-covered by earnings (30% payout ratio) and cash flows (20.7% cash payout ratio). Recent earnings for H1 2024 showed significant growth, with net income rising to €37 million from €18 million a year ago, indicating robust financial performance. However, shareholder dilution in the past year and a highly volatile share price present potential risks.