Nomad Foods Limited (NOMD) To Go Ex-Dividend on May 8th

Nomad Foods Limited (NYSE:NOMD) 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.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, February 29th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $761.00 million for the quarter, compared to analyst estimates of $766.56 million. Nomad Foods had a return on equity of 10.41% and a net margin of 6.34%. During the same quarter last year, the company earned $0.34 earnings per share. Equities research analysts predict that Nomad Foods will post 1.91 earnings per share for the current year.

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.

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.