Nomad Foods Limited (NYSE:NOMD) Plans $0.17 Quarterly Dividend

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.17 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, August 11th.

Nomad Foods has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nomad Foods to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.2%.

Nomad Foods Stock Performance

Shares of Nomad Foods stock traded down $0.26 on Thursday, hitting $12.43. The stock had a trading volume of 1,209,958 shares, compared to its average volume of 1,622,730. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 12.07 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. Nomad Foods has a 52-week low of $8.99 and a 52-week high of $17.30. The company’s 50 day moving average price is $10.85 and its 200 day moving average price is $10.83.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million for the quarter, compared to the consensus estimate of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, research analysts anticipate that Nomad Foods will post 1.75 EPS for the current year.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.