# EPS 283 | European Earnings and why Dutch Investors are Screwed!

Page: https://stenobird.com/podcast/dividend-talk-939974/eps-283-european-earnings-and-why-dutch-investors-are-screwed
Text version: https://stenobird.com/podcast/dividend-talk-939974/eps-283-european-earnings-and-why-dutch-investors-are-screwed.md
Podcast: [Dividend Talk](https://stenobird.com/podcast/dividend-talk-939974)
Published: 2026-02-14T16:28:26+00:00
Episode link: https://podcasters.spotify.com/pod/show/dividend-talk/episodes/EPS-283--European-Earnings-and-why-Dutch-Investors-are-Screwed-e3f3cv2
Audio file: https://traffic.megaphone.fm/APO8643677836.mp3
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JSON: https://stenobird.com/v1/public/podcasts/dividend-talk-939974/episodes/eps-283-european-earnings-and-why-dutch-investors-are-screwed
Duration seconds: 4290

## Resource

Are European dividend stocks becoming the ultimate safety net in a volatile market? In Episode 283 of the Dividend Talk podcast, we break down the latest European earnings Season , including massive dividend hikes from companies like NN Group and Ahold Delhaize , while also tackling the controversial Dutch Box 3 tax on unrealised gains . We discuss: What this means for dividend investors Why this could hit the middle class hardest Whether the Netherlands is becoming a test bed for broader European tax reform. Is this a one-off policy — or the start of something bigger? We break down recent dividend increases, including: NN Group – 13% dividend hike Brookfield Corporation – 17% hike British American Tobacco – cash flow update Ahold Delhaize – strong execution Siemens – AI infrastructure tailwinds We analyse dividend safety, free cash flow, solvency ratios, and long-term growth prospects. Why is Walmart trading at ~45x earnings while Amazon sits around 28x? Will AI disrupt SaaS companies like Wolters Kluwer , or strengthen their competitive moat? We also discuss “AI shovel” stocks like Schneider Electric and Siemens Chapters 00:00 – Intro: European Earnings Season & Dividend Focus03:00 – Dutch Box 3 Tax: Unrealised Gains Explained11:00 – Walmart vs Amazon: Valuation Debate16:00 – AI Infrastructure: Investing in the “Shovels”21:00 – Rapid Fire: Recent European Dividend Hikes29:00 – Deep Dive: NN Group Earnings & 13% Dividend Boost37:00 – Ahold Delhaize: Operational Excellence45:00 – British American Tobacco: Cash Flow & Litigation53:00 – Siemens & European Industrial Growth01:00:00 – Listener Q&A: AI, T-Rowe Price, Novo Nordisk01:12:00 – Real Estate & Las Vegas Discussion01:18:00 – Wrap-Up & Key Takeaways 👉 Subscribe for weekly European dividen…

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## Transcript

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