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. Investors 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 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 Trading Down 2.2%

NYSE:NOMD opened at $11.76 on Friday. The company has a fifty day moving average of $11.34 and a 200 day moving average of $11.02. Nomad Foods has a 52 week low of $8.99 and a 52 week high of $13.08. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.64 billion, a P/E ratio of 10.69 and a beta of 0.74.

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