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As global markets navigate through varying economic signals, the Dutch stock market remains a focus for investors looking for stable dividend yields. Against this backdrop, certain stocks on Euronext Amsterdam stand out for their potential to offer consistent dividends, making them particularly attractive in the current economic climate characterized by cautious optimism and changing monetary policies.

The 5 largest dividend stocks in the Netherlands

Surname

Dividend yield

Dividend valuation

Acomo (ENXTAM:ACOMO)

6.48%

★★★★★☆

ABN AMRO Bank (ENXTAM:ABN)

9.38%

★★★★☆☆

Signify (ENXTAM:LIGHT)

6.38%

★★★★☆☆

Randstad (ENXTAM:RAND)

5.30%

★★★★☆☆

Royal Heijmans (ENXTAM:HEIJM)

4.22%

★★★★☆☆

Royal KPN (ENXTAM:KPN)

4.08%

★★★★☆☆

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

We examine a selection of our screener results.

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

Overview: ABN AMRO Bank NV offers a wide range of banking products and financial services to private and business customers in the Netherlands and worldwide and has a market capitalization of approximately EUR 13.42 billion.

Operations: ABN AMRO Bank NV generates its revenues primarily in the areas of Personal & Business Banking (EUR 4.07 billion), Corporate Banking (EUR 3.50 billion) and Wealth Management (EUR 1.59 billion).

Dividend yield: 9.4%

ABN AMRO Bank's dividend history has been unstable over the past 8 years and payments have fluctuated, making it a less reliable choice for consistent income. However, dividends are currently well covered by earnings with a payout ratio of 47.9% and this trend is expected to continue over the next three years. Despite recent earnings growth, forecasts for the next three years suggest earnings will decline 11.4% on average annually. The bank trades at a significant discount to its estimated fair value and offers one of the higher yields in its market at 9.38%. Recent strategic acquisitions aim to expand its presence in European asset management, potentially impacting future financial stability and dividend sustainability.

ENXTAM:ABN Dividend history as of July 2024

ENXTAM:ABN Dividend history as of July 2024

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

Overview: Koninklijke Heijmans NV is a Dutch company active in real estate development, construction and infrastructure projects at home and abroad and has a market capitalization of approximately EUR 566.03 million.

Operations: Koninklijke Heijmans NV generates sales in its Real Estate, Van Wanrooij, Infrastructure Works and Construction & Technology business areas with profits of €411.79 million, €124.76 million, €800.03 million and €1.08 billion respectively.

Dividend yield: 4.2%

Koninklijke Heijmans has recorded annual earnings growth of 19.4% over the past five years, supporting its dividend payments with a modest payout ratio of 37.1%. However, the company's dividend history has been inconsistent with volatile payments and an unstable track record over the past decade. Despite this, dividends are adequately covered by both earnings and cash flows (payout ratio at 59%). Currently, HEIJM's dividend yield is 4.22%, which is below the top quartile of Dutch dividend payers at 5.51%.

ENXTAM:HEIJM Dividend history as of July 2024ENXTAM:HEIJM Dividend history as of July 2024

ENXTAM:HEIJM Dividend history as of July 2024

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

Overview: Koninklijke KPN NV is a telecommunications and IT services provider operating primarily in the Netherlands with a market capitalization of approximately EUR 14.44 billion.

Operations: Koninklijke KPN NV generates its revenue mainly in three segments: Consumer (EUR 2.93 billion), Corporate (EUR 1.84 billion) and Wholesale (EUR 0.70 billion).

Dividend yield: 4.1%

Koninklijke KPN has recorded annual earnings growth of 13.6% over the past five years, underpinning its dividend sustainability with a payout ratio of 78.4% and a cash payout ratio of 59.6%. Recent strategic moves include acquiring a significant spectrum for €58.4 million to enhance its 5G capabilities and establishing TowerCo with ABP to improve infrastructure management. Despite these positives, KPN's dividends have been volatile over the past decade and its current yield of 4.08% is below the top quartile of the Dutch market at 5.51%.

ENXTAM:KPN Dividend history as of July 2024ENXTAM:KPN Dividend history as of July 2024

ENXTAM:KPN Dividend history as of July 2024

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

Companies discussed in this article include ENXTAM:ABN, ENXTAM:HEIJM and ENXTAM:KPN.

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