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Nomad Foods declared a quarterly cash dividend of $0.15 per share on its ordinary shares. The dividend will be paid on May 28, 2024, to shareholders of record on May 9, 2024. Nomad Foods is Europe's top frozen food company, with well-known brands like Birds Eye and Findus, known for quality and convenience.
Nomad Foods successfully repriced its existing USD denominated Term Loan, resulting in an annual cash savings of approximately USD 3.5 million. The margin on the Term Loan will be reduced by 50 basis points to SOFR + 250 basis points without changing the maturity. This move reflects lenders' confidence in Nomad Foods' operational performance and growth strategy, enhancing financial flexibility.
Nomad Foods (NYSE: NOMD) will report the first quarter financial results on Thursday, May 9, 2024. The conference call with the executive management team will be held at 8:30 AM Eastern Daylight Time. Listeners can participate by dialing +1-877-451-6152 in North America or +1-201-389-0879 internationally. The webcast and presentation will be available on the Nomad Foods website. A replay will also be accessible for two weeks after the event.
