Nomad Foods declares initial quarterly cash dividend of US$0.15/share, payable Feb. 26 to shareholders of record on Feb. 9

FELTHAM, England , February 1, 2024 (press release) –

Nomad Foods , a leading frozen food company, has declared an initial quarterly cash dividend of $0.15 per share. The dividend will be payable on February 26, 2024 , to shareholders of record as of February 9, 2024 . The CEO, Stéfan Descheemaeker, stated that the dividend marks a milestone for the company and demonstrates their commitment to providing value to shareholders. The Co-Chairman and Founder, Noam Gottesman , mentioned that the dividend is part of the company's capital allocation strategy to maximize shareholder returns.

Original Press Release:

Feltham, England , Jan. 30 -- Nomad Foods Limited issued the following news release:

Nomad Foods Limited (NYSE: NOMD), a leading frozen food company, today announced that its Board of Directors has declared an initial quarterly cash dividend of $0.15 per share on the Company’s issued and outstanding ordinary shares. The initial quarterly dividend will be payable on February 26, 2024 to shareholders of record as of the close of business on February 9, 2024 .

“The initiation of a quarterly dividend marks a notable milestone for Nomad Foods , further fortifying our commitment to provide consistent, compelling value to our shareholders,” said Stéfan Descheemaeker, Nomad Foods’ chief executive officer. “This action is a testament to the quality and resilience of our business and our confidence in our ability to generate significant cash flows and sustainable, long-term growth.”

Noam Gottesman , Nomad Foods’ Co-Chairman and Founder, commented, “We are pleased to announce the initiation of the quarterly dividend to enhance Nomad Foods’ capital allocation strategy. Through the adoption of a quarterly dividend and our new $500 million share repurchase program, the Board continues to execute a balanced capital deployment strategy intended to maximize shareholder returns. Our business has consistently generated strong cash flows and we remain committed to maintaining financial flexibility to continue investing behind organic and inorganic growth.”

About Nomad Foods

Nomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom . Additional information may be found at www.nomadfoods.com/investors/.

[Category: Food, Packaged Foods & Meats , Financial Results]

Source: Nomad Foods Limited