Nomad Foods Limited (NOMD) To Go Ex-Dividend on February 10th

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors 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 yield of 3.81%. The ex-dividend date 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 32.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nomad Foods to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 34.9%.

Nomad Foods Stock Up 0.2 %

NOMD stock opened at $17.87 on Friday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 13.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods has a one year low of $15.43 and a one year high of $20.05. The company has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $17.81.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays reduced their price objective on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Mizuho decreased their price objective on shares of Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

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.