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

Nomad Foods Limited (NYSE:NOMD) declared a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Investors of record on Friday, November 8th will be paid a dividend of 0.15 per share on Tuesday, November 26th. This represents a $0.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, November 8th.

Nomad Foods has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. 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

Shares of NYSE:NOMD traded down $0.05 on Wednesday, hitting $17.56. The company had a trading volume of 326,292 shares, compared to its average volume of 578,566. 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 52-week low of $13.67 and a 52-week high of $20.05. The business has a 50 day moving average of $18.55 and a 200 day moving average of $18.09. The company has a market cap of $2.86 billion, a PE ratio of 14.68 and a beta of 0.78.

Nomad Foods (NYSE:NOMD) last issued 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. Nomad Foods had a return on equity of 9.78% and a net margin of 6.79%. The business had revenue of $810.64 million for the quarter, compared to the consensus estimate of $822.21 million. As a group, equities analysts anticipate that Nomad Foods will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays reduced their target price 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. Deutsche Bank Aktiengesellschaft increased their target price on Nomad Foods from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

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.