Nomad Foods Limited (NYSE:NOMD – Get Free Report) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Tuesday, November 10th will be given 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 dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. 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
Shares of Nomad Foods stock opened at $11.76 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 10.69 and a beta of 0.74. The stock’s 50-day moving average is $11.34 and its 200-day moving average is $11.02. Nomad Foods has a one year low of $8.99 and a one year high of $13.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.11 and a quick ratio of 0.66.
Nomad Foods (NYSE:NOMD – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. The company had revenue of $825.94 million during the quarter, compared to analysts’ expectations of $825.02 million. Nomad Foods had a return on equity of 8.63% and a net margin of 4.46%. Nomad Foods’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Equities analysts predict that Nomad Foods will post 1.62 earnings per share for the current fiscal year.
About Nomad Foods
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.
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