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

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Tuesday, April 30th, investing.com reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.15 per share on Tuesday, May 28th. This represents a $0.60 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 8th.

Nomad Foods has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.1 %

Shares of NOMD stock opened at $18.09 on Monday. Nomad Foods has a 12-month low of $13.56 and a 12-month high of $20.05. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $19.02 and its 200 day moving average is $17.45. The stock has a market capitalization of $2.94 billion, a P/E ratio of 14.71 and a beta of 0.77.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $761.00 million for the quarter, compared to analysts’ expectations of $766.56 million. Nomad Foods had a net margin of 6.34% and a return on equity of 10.41%. During the same quarter last year, the company posted $0.34 EPS. Research analysts expect that Nomad Foods will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Nomad Foods Company Profile

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.