7th Sep 2021

3 dividend stocks from the Netherlands to watch

Stock mentioned in this article
Koninklijke Philips NV ADR
0.00%
dividend yield
$20.12
per share
PHG:NYSE
Ticker

Koninklijke Philips N.V. usually known only as Philips operates as a health technology company. While most people know Philips products just as personal care products such as high-quality electric toothbrushes or shavers it is primarily a health technology company that focuses on Diagnosis & Treatment and Connected Care segments.

Health technology is a large market, which is expected to grow by around 4% each year because of the natural drivers of growth – aging populations and increased spending on healthcare in emerging markets.

The company dividend yield is currently around 2.1% and there is just slow dividend growth of 1% past three years. The company performance can be seen more from capital gains perspective than dividend yield itself. The company promised to keep current dividend levels while keeping the payout ratio under 60%. The reason for slow dividend growth is mainly because of massive investments into the professional diagnosis & treatment segment.

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