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

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 11th will be paid 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 is Wednesday, February 11th.

Nomad Foods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.4%

Shares of Nomad Foods stock opened at $12.72 on Friday. The business has a fifty day simple moving average of $12.23 and a 200 day simple moving average of $13.43. The stock has a market cap of $1.95 billion, a PE ratio of 8.83 and a beta of 0.71. 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 has a 12 month low of $11.04 and a 12 month high of $20.81.

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

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.