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

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Tuesday, May 12th will be paid a dividend of 0.17 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, May 11th.

Nomad Foods has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nomad Foods to earn $1.82 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 37.4%.

Nomad Foods Stock Up 1.4%

NYSE:NOMD traded up $0.14 on Thursday, hitting $9.71. The stock had a trading volume of 888,714 shares, compared to its average volume of 1,670,985. The business’s fifty day moving average is $10.17 and its 200 day moving average is $11.50. The company has a market cap of $1.38 billion, a PE ratio of 9.52 and a beta of 0.74. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. Nomad Foods has a 52 week low of $9.43 and a 52 week high of $20.29.

Nomad Foods Company Profile

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.