Nomad Foods increases quarterly dividend by 13% to $0.17 per share

WOKING, England - Nomad Foods Limited (NYSE:NOMD) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.17 per share, representing a 13% increase from the same period last year. The company currently offers a dividend yield of 3.89%, reflecting its commitment to shareholder returns. According to InvestingPro data, the stock trades at an attractive P/E ratio of 10.77, suggesting potential undervaluation relative to peers.

The dividend will be payable on August 26, 2025, to shareholders of record as of the close of business on August 11, 2025, according to a company press release. With a market capitalization of $2.67 billion and a "GOOD" Financial Health Score from InvestingPro, Nomad Foods demonstrates solid financial stability.

"This dividend demonstrates our ongoing confidence in our long-term strategy and our continued commitment to deploying capital in ways that create sustained value for our shareholders," said Stéfan Descheemaeker, Nomad Foods’ Chief Executive Officer.

Nomad Foods describes itself as Europe’s leading frozen food company with a portfolio that includes Birds Eye, Findus, iglo, Ledo and Frikom brands. The company is headquartered in the United Kingdom.

The announcement comes as part of the company’s regular quarterly dividend schedule. Nomad Foods trades on the New York Stock Exchange under the ticker symbol NOMD.

In other recent news, Nomad Foods Limited reported its first-quarter earnings for 2025, which fell short of analyst expectations. The company announced adjusted earnings per share of €0.35, slightly below the consensus estimate of €0.36. Additionally, revenue for the quarter was €760 million, missing the anticipated €796.39 million and reflecting a 3% year-over-year decline. Organic revenue decreased by 3.6%, primarily due to a 3.7% drop in volume. Despite these figures, Nomad Foods also lowered its full-year outlook. In another development, the company has scheduled its 2025 annual meeting of shareholders for July 10, 2025, as disclosed in a recent filing with the U.S. Securities and Exchange Commission. The company has begun mailing proxy statements and forms of proxy to shareholders, with the notice of internet availability of proxy materials included in their communications.

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