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

Nomad Foods Limited (NYSE:NOMD – Get Free Report) declared 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) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 11th.

Nomad Foods has a 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%.

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Nomad Foods Trading Down 2.0%

Shares of Nomad Foods stock opened at $12.43 on Friday. The stock has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $10.83. Nomad Foods has a 12-month low of $8.99 and a 12-month high of $17.30. The company has a market capitalization of $1.74 billion, a P/E 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 (NYSE:NOMD – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, sell-side analysts anticipate that Nomad Foods will post 1.75 earnings per share for the current fiscal year.

Nomad Foods Company Profile

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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.

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