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Unveiling 3 Euronext Amsterdam Dividend Stocks Yielding Up To 9.7%

Amid a backdrop of fluctuating global markets, the Netherlands continues to present intriguing opportunities for dividend-focused investors. As the Euronext Amsterdam showcases varied performances across sectors, understanding the characteristics of strong dividend stocks becomes crucial in navigating these uncertain times.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Acomo (ENXTAM:ACOMO)

6.56%

★★★★★☆

ABN AMRO Bank (ENXTAM:ABN)

9.70%

★★★★☆☆

Randstad (ENXTAM:RAND)

4.91%

★★★★☆☆

Koninklijke KPN (ENXTAM:KPN)

4.33%

★★★★☆☆

Koninklijke Heijmans (ENXTAM:HEIJM)

4.47%

★★★★☆☆

Click here to see the full list of 5 stocks from our Top Euronext Amsterdam Dividend Stocks screener.

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Here we highlight a subset of our preferred stocks from the screener.

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 globally, with a market capitalization of approximately €12.96 billion.

Operations: ABN AMRO Bank N.V. generates its revenue primarily through Personal & Business Banking (€4.07 billion), Corporate Banking (€3.50 billion), and Wealth Management (€1.59 billion).

Dividend Yield: 9.7%

ABN AMRO Bank's recent strategic moves, including the sale of its 60% stake in Neuflize Vie and a partnership with BNP Paribas Cardif, aim to streamline operations and focus on core businesses, potentially stabilizing future dividend payouts. Despite an unstable dividend track record over the past 8 years, current dividends are well-covered by earnings with a payout ratio of 47.9%. However, earnings are expected to decline by an average of 11.1% annually over the next three years, which could pressure future dividend sustainability. The bank's recent share buyback program also underscores a commitment to shareholder returns.

ENXTAM:ABN Dividend History as at Jun 2024
ENXTAM:ABN Dividend History as at Jun 2024

Acomo

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

Overview: Acomo N.V. is a company based in the Netherlands that sources, trades, processes, packages, and distributes both conventional and organic food ingredients globally, with a market capitalization of approximately €518.90 million.

Operations: Acomo N.V.'s revenue is generated from various segments, including Tea (€120.62 million), Edible Seeds (€257.29 million), Food Solutions (€24.07 million), Spices and Nuts (€429.96 million), and Organic Ingredients (€436.38 million).

Dividend Yield: 6.6%

Acomo's dividend profile shows a mix of strengths and concerns. Over the past decade, dividends have increased but exhibited volatility, with annual drops exceeding 20%. Currently, the dividend yield stands at 6.56%, placing it in the top quartile of Dutch dividend payers. Dividends are mostly covered by earnings and cash flows, with payout ratios of 85.7% and 26.1%, respectively. However, Acomo trades at a significant discount to estimated fair value and carries high debt levels, which could impact future financial stability.

ENXTAM:ACOMO Dividend History as at Jun 2024
ENXTAM:ACOMO Dividend History as at Jun 2024

Koninklijke KPN

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

Overview: Koninklijke KPN N.V. is a telecommunications and IT services provider in the Netherlands, with a market capitalization of approximately €13.61 billion.

Operations: Koninklijke KPN N.V. generates revenue primarily through three segments: Business (€1.84 billion), Consumer (€2.93 billion), and Wholesale (€0.70 billion).

Dividend Yield: 4.3%

Koninklijke KPN's dividend landscape is marked by a decade of growth yet plagued by inconsistency, with a yield of 4.33% trailing behind the top Dutch dividend payers. Recent earnings show a 13.6% annual increase over five years, supported by dividends well-covered by both earnings and cash flows, with respective payout ratios of 78.4% and 59.6%. Strategically, KPN's creation of TowerCo with ABP enhances its infrastructure capabilities, crucial for supporting advanced technologies like 5G and expanding service coverage, expected to indirectly bolster shareholder value through operational efficiencies and strategic asset optimization.

ENXTAM:KPN Dividend History as at Jun 2024
ENXTAM:KPN Dividend History as at Jun 2024

Turning Ideas Into Actions

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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:ABN ENXTAM:ACOMO and ENXTAM:KPN.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com