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Nomad Foods Ltd (NOMD) has entered oversold territory, trading as low as $14.49 per share on Monday, with a Relative Strength Index (RSI) of 28.7, indicating potentially attractive buying conditions. In comparison, the average RSI for dividend stocks is 54.0.
The company’s annualized dividend of $0.68 per share translates to an annual yield of 4.62% based on a recent share price of $14.71. Investors may consider NOMD’s low RSI as a signal for potential entry points amidst heavy selling.
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