Nomad Foods Limited (NYSE:NOMD) is one of the UK’s highest-dividend stocks.
The company has consistently paid dividends for the past three years, with a quarterly dividend of about $0.17 a share, translating to a dividend yield of about 6.59%
On June 2, Nomad Foods (NYSE:NOMD) announced a £2.2m investment in a new potato waffle production line. The investment at the company’s Lowestoft factory in the UK aligns with the company’s broader long-term productivity program announced last year. The program seeks to increase efficiency and scale across the entire manufacturing network.
The £2.2 million investment will increase total waffle capacity to about 18,250 tonnes annually, equivalent to about 45 million potato waffles. Nomad Foods is also eyeing a £12 million outlay in chicken processing and development of an on-site wind turbine to secure long-term, predictable energy. The investments underscore Nomad Foods’ commitment to expanding access to frozen food categories, such as fish, vegetables, chicken, and potatoes, amid increasing pressure on global food systems.