Nomad Foods Limited (NYSE:NOMD – Get Free Report) announced a quarterly dividend on Tuesday, April 30th, investing.com reports. Shareholders of record on Thursday, May 9th will be given 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. 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 Price Performance
Shares of NYSE NOMD opened at $18.09 on Monday. The firm has a market cap of $2.94 billion, a P/E ratio of 14.71 and a beta of 0.77. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. Nomad Foods has a 1-year low of $13.56 and a 1-year high of $20.05. The business’s 50 day moving average is $19.02 and its 200-day moving average is $17.45.
Wall Street Analyst Weigh In
Separately, Barclays increased their target price on Nomad Foods from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd.
View Our Latest Analysis on Nomad Foods
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.
Featured Stories
- Five stocks we like better than Nomad Foods
- Most active stocks: Dollar volume vs share volume
- Brinker International Heats Up on Spicy Earnings Beat and Raise
- What is Forex and How Does it Work?
- Eli Lilly Gains on the GLP-1 Weight Loss Phenomenon
- Canada Bond Market Holiday: How to Invest and Trade
- Pfizer Finds a Foothold After a Solid Q1 2024 Earnings Report
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.