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3 High Yield Dividend Stocks From Euronext Amsterdam Offering Up To 9.6%

Amid a backdrop of mixed performances across major European stock indexes and rising government bond yields, the Netherlands market presents unique opportunities for investors seeking steady income through high-yield dividend stocks. Given the current economic environment, selecting stocks with a strong track record of dividend reliability and potential for sustainable payouts becomes even more crucial.

Top 5 Dividend Stocks In The Netherlands

Name

Dividend Yield

Dividend Rating

Acomo (ENXTAM:ACOMO)

6.62%

★★★★★☆

ABN AMRO Bank (ENXTAM:ABN)

9.64%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.33%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.57%

★★★★☆☆

Koninklijke Heijmans (ENXTAM:HEIJM)

4.58%

★★★★☆☆

Koninklijke KPN (ENXTAM:KPN)

4.16%

★★★★☆☆

Click here to see the full list of 6 stocks from our Top Euronext Amsterdam Dividend Stocks screener.

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Let's dive into some prime choices out of 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 €13.05 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: 9.6%

ABN AMRO Bank offers a dividend yield of 9.64%, ranking it in the top 25% of Dutch dividend payers, supported by a sustainable payout ratio of 47.9%. Despite its robust current earnings coverage, ABN's dividends have shown volatility and an unreliable growth pattern over its eight-year history. The bank is actively expanding in the wealth management sector, recently targeting acquisitions to boost assets under management significantly. However, earnings are projected to decline by an average of 11.1% annually over the next three years, posing potential challenges for future dividend sustainability.

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

Acomo

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

Overview: Acomo N.V. is a company that sources, trades, processes, packages, and distributes both conventional and organic food ingredients for the food and beverage industry across Europe, North America, and other global markets, with a market capitalization of approximately €514.16 million.

Operations: Acomo N.V. generates revenue through 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 yield of 6.62% places it among the top 25% in the Dutch market, supported by a payout ratio of 85.7%, indicating earnings cover current dividends adequately. However, its dividend history shows instability with volatile payments over the past decade and an unreliable growth pattern despite a recent increase. Trading at 53.4% below estimated fair value suggests potential undervaluation, but high debt levels and historical payment fluctuations may raise concerns about future dividend reliability and growth sustainability.

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

Koninklijke Heijmans

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

Overview: Koninklijke Heijmans N.V. operates in property development, construction, and infrastructure sectors primarily in the Netherlands, with a market capitalization of approximately €0.52 billion.

Operations: Koninklijke Heijmans N.V. generates revenue from several key segments, including Real Estate (€411.79 million), Van Wanrooij (€124.76 million), Infrastructure Works (€800.03 million), and Construction & Technology (€1.08 billion).

Dividend Yield: 4.6%

Koninklijke Heijmans offers a dividend yield of 4.58%, lower than the top quartile in the Dutch market at 5.57%. Despite this, its dividends are well-supported by earnings and cash flows, with payout ratios of 37.1% and 59% respectively. The stock trades at a 10% discount to perceived fair value, suggesting potential undervaluation. However, investors should note HEIJM's volatile dividend history over the last decade, marked by significant fluctuations and unreliable growth patterns in payouts.

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

Next Steps

Curious About Other Options?

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:HEIJM.

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