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

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 11th will be given a dividend of 0.17 per share on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

Nomad Foods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nomad Foods to earn $1.95 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 34.9%.

Nomad Foods Trading Up 1.4%

Shares of NYSE NOMD traded up $0.17 during mid-day trading on Friday, hitting $12.72. 1,587,791 shares of the company traded hands, compared to its average volume of 2,194,879. The business has a 50 day moving average of $12.22 and a two-hundred day moving average of $13.46. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.83 and a beta of 0.71. Nomad Foods has a 1 year low of $11.04 and a 1 year high of $20.81. The company has a quick ratio of 0.59, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $881.94 million for the quarter, compared to analysts’ expectations of $760.75 million. Nomad Foods had a net margin of 6.56% and a return on equity of 9.73%. Nomad Foods’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that Nomad Foods will post 1.82 earnings per share for the current fiscal year.

About Nomad Foods

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.