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

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.15 per share on Tuesday, November 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, November 8th.

Nomad Foods has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nomad Foods to earn $2.15 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 27.9%.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $17.25 on Thursday. The business’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $18.05. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. Nomad Foods has a 12-month low of $14.19 and a 12-month high of $20.05. The company has a market cap of $2.81 billion, a PE ratio of 12.78 and a beta of 0.79.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. Analysts expect that Nomad Foods will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays cut their price target on shares of Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. StockNews.com raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday.

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.