Nomad Foods Limited (NYSE:NOMD) to Issue Quarterly Dividend of $0.17

Nomad Foods Limited (NYSE:NOMD - Get Free Report) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.17 per share on Wednesday, February 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Nomad Foods's previous quarterly dividend of $0.15.

Nomad Foods has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nomad Foods to earn $1.95 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 30.8%.

Nomad Foods Price Performance

NYSE NOMD traded down $0.01 during trading hours on Monday, reaching $17.85. 398,945 shares of the company's stock were exchanged, compared to its average volume of 625,163. The firm has a fifty day moving average of $17.07 and a 200-day moving average of $17.82. The company has a current ratio of 1.20, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. Nomad Foods has a one year low of $15.43 and a one year high of $20.05. The stock has a market cap of $2.91 billion, a PE ratio of 13.42 and a beta of 0.79.

Wall Street Analyst Weigh In

Several research firms have issued reports on NOMD. StockNews.com raised Nomad Foods from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Barclays lowered their price objective on shares of Nomad Foods from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, Mizuho cut their target price on Nomad Foods from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th.

About Nomad Foods

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.