Nomad Foods Limited Plans Quarterly Dividend of $0.15 (NYSE:NOMD)

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Tuesday, April 30th, investing.com reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.15 per share on Tuesday, May 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, May 8th.

Nomad Foods has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nomad Foods to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 28.6%.

Nomad Foods Trading Down 1.3 %

Shares of NYSE NOMD opened at $17.85 on Tuesday. Nomad Foods has a 1-year low of $13.56 and a 1-year high of $20.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 0.70. The business’s 50 day moving average is $19.00 and its two-hundred day moving average is $17.47. The stock has a market capitalization of $2.90 billion, a P/E ratio of 14.51 and a beta of 0.77.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Nomad Foods had a net margin of 6.34% and a return on equity of 10.41%. The company had revenue of $761.00 million during the quarter, compared to analyst estimates of $766.56 million. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts expect that Nomad Foods will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays raised their price target on Nomad Foods from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.