Nomad Foods Limited (NYSE:NOMD) Shares Will Pay Quarterly Dividend of $0.17

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.17 per share on Friday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, November 10th.

Nomad Foods has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nomad Foods to earn $1.66 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 41.0%.

Nomad Foods Stock Performance

NOMD stock opened at $11.76 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.64 billion, a P/E ratio of 10.69 and a beta of 0.74. Nomad Foods has a 12-month low of $8.99 and a 12-month high of $13.08. The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.02.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. Nomad Foods had a net margin of 4.46% and a return on equity of 8.63%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities research analysts predict that Nomad Foods will post 1.62 EPS for the current year.

Nomad Foods Company Profile

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods’ portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella’s, Aunt Bessie’s and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella’s in 2018 and Aunt Bessie’s in 2020.