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WOKING, England - Nomad Foods Limited (NYSE:NOMD) announced Thursday its Board of Directors has declared a quarterly cash dividend of $0.17 per share, representing a 13% increase from the previous year’s quarterly dividend. The dividend translates to a substantial 5.95% yield at current prices, reflecting the company’s commitment to shareholder returns despite the stock trading near its 52-week low of $11.36.
The dividend will be paid on November 26, 2025, to shareholders of record as of the close of business on November 10, 2025, according to a company press release. This announcement comes just days before Nomad’s upcoming earnings release scheduled for November 6.
"This dividend demonstrates our ongoing confidence in Nomad’s ability to generate robust and growing cashflow, affording the company the opportunity to reward investors by deploying capital in ways that create sustained value for our shareholders," said Noam Gottesman, Nomad Foods’ Co-Chairman and Founder. InvestingPro data confirms this strong cash position, showing a free cash flow yield of 24% and a P/E ratio of just 7.38, suggesting the stock may be undervalued relative to its cash generation capabilities.
Nomad Foods, headquartered in the United Kingdom, describes itself as Europe’s leading frozen food company. The company’s portfolio includes brands such as Birds Eye, Findus, iglo, Ledo and Frikom.
The company’s shares are listed on the New York Stock Exchange under the ticker symbol NOMD.
In other recent news, Nomad Foods Limited announced the refinancing of its existing senior secured term loans and the extension of its Revolving Cash Facility. The company plans to refinance its USD denominated Term Loan B of $679 million and EUR denominated Term Loan B facilities of €130 million and €553 million. Additionally, Nomad Foods has appointed Dominic Brisby as the new Executive President and Chief Executive Officer-Elect, effective November 3, 2025, with a transition period until January 1, 2026. Mizuho has reduced its price target for Nomad Foods to $17.00 from $20.00, citing weaker performance in the frozen fish category. BTIG also lowered its price target to $18.00 from $20.00, attributing the change to challenges in European markets that have led to revised sales and earnings estimates. Furthermore, Nomad Foods reiterated its 2025 financial guidance while unveiling a €200 million efficiency plan expected to deliver operational savings through 2028. The company maintained its full-year 2025 forecast of flat to -2% organic revenue growth and expects Adjusted EBITDA to decline between 3% and 7%. Adjusted EPS is projected to be between €1.64 and €1.76, with a free cash flow conversion of 90% or greater.
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