Company Increases Dividend by 13% as Strong
Cash Flow Continues
WOKING, England, Jan. 30,
2025 /PRNewswire/ -- Nomad Foods Limited
(NYSE: NOMD) today announced that its Board of Directors
has declared a 2025 quarterly cash dividend of $0.17 per share; a 13% increase from its 2024
quarterly payout. This marks the Company's first dividend increase
since initiating its quarterly dividend in January 2024. The dividend will be payable on
February 26, 2025 to shareholders of
record as of the close of business on February 10, 2025.
"As we expect to enter our tenth consecutive year of top- and
bottom-line growth, this dividend increase reflects both our
confidence in our long-term strategy and our commitment to
deploying capital in ways that create sustained value for our
shareholders. The strength of our cash flow provides us the
flexibility to return capital to shareholders while reinforcing
investments in our Must Win Battles and Growth Platforms," said
Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer.
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/.
Enquiries
Investor Relations Contact
Jason English
investorrelations@nomadfoods.com
Forward-Looking Statements
This press release contains "forward-looking" statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including, without limitation,
statements regarding the payment of quarterly cash dividends in the
future and our expectations for our top- and bottom-line growth.
These statements are based on management's estimates and
assumptions with respect to future events, and are believed to be
reasonable, though are inherently difficult to predict. The Company
cautions that these forward-looking statements are not guarantees
and that actual results could differ materially from those
expressed or implied in these forward-looking statements. Undue
reliance should, therefore, not be placed on such forward-looking
statements. Any forward-looking statements contained in this
announcement apply only as at the date of this announcement and are
not intended to give any assurance as to future results. The
Company will update this announcement as required by applicable
law, rule or regulation, but otherwise expressly disclaims any
obligation or undertaking to update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
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SOURCE Nomad Foods Limited