Nomad Foods Limited (NOMD) to Issue Quarterly Dividend of $0.15 on November 26th

by · The Cerbat Gem

Nomad Foods Limited (NYSE:NOMD – Get Free Report) 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 3.42%. 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. Equities 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 Price Performance

NOMD opened at $17.56 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.73. Nomad Foods has a 1 year low of $13.67 and a 1 year high of $20.05. The stock’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $18.09. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 14.63 and a beta of 0.78.

Nomad Foods (NYSE:NOMD – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. The firm had revenue of $810.64 million for the quarter, compared to analysts’ expectations of $822.21 million. As a group, analysts predict that Nomad Foods will post 1.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NOMD shares. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price target on Nomad Foods from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Barclays cut their price objective on Nomad Foods from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th.

Check Out Our Latest Stock Analysis on Nomad Foods

Nomad Foods Company Profile

(Get Free Report)

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.

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