Top Dividend Stocks On Euronext Amsterdam For September 2024
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
Name | Dividend Yield | Dividend Rating |
Koninklijke Heijmans (ENXTAM:HEIJM) | 3.61% | ★★★★☆☆ |
Randstad (ENXTAM:RAND) | 5.24% | ★★★★☆☆ |
ABN AMRO Bank (ENXTAM:ABN) | 9.39% | ★★★★☆☆ |
Signify (ENXTAM:LIGHT) | 7.56% | ★★★★☆☆ |
Aalberts (ENXTAM:AALB) | 3.23% | ★★★★☆☆ |
ING Groep (ENXTAM:INGA) | 6.69% | ★★★★☆☆ |
Acomo (ENXTAM:ACOMO) | 6.56% | ★★★★☆☆ |
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.
Take a closer look at Koninklijke Heijmans' potential here in our dividend report.
Our valuation report here indicates Koninklijke Heijmans may be undervalued.
Randstad
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Randstad N.V. offers work and human resources (HR) services solutions, with a market cap of €7.63 billion.
Operations: Randstad N.V. generates revenue through various segments in the field of work and HR services.
Dividend Yield: 5.2%
Randstad's dividend yield of 5.24% is lower than the top 25% of Dutch market payers, and its dividend history has been volatile with significant drops in the past decade. However, dividends are covered by earnings (81.3% payout ratio) and cash flows (51.5% cash payout ratio). Recent news includes a strategic partnership with iZafe Group AB for healthcare initiatives in Norway and a completed share buyback program totaling €399.95 million, despite declining earnings reported for Q2 2024.
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:AALB ENXTAM:HEIJM and ENXTAM:RAND.
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