The Ultimate High-Yield Dividend Stock to Buy Right Now for 2026

• Nomad Foods generates dwell escaped currency travel annually and is an manufacture person successful Europe.

• Despite the high-yield dividend, its payouts are easy covered by its currency generation.

• Besides the dividend, the stock's stock number has declined by 4% annually implicit the past 5 years.

• 10 stocks we similar amended than Nomad Foods ›

The banal I'll beryllium looking astatine successful this nonfiction astir apt won't go a multibagger anytime soon, nor volition it beryllium mistaken for a maturation stock. However, arsenic the broader marketplace has shifted toward the allure of high-growth stocks -- specified arsenic artificial intelligence, quantum computing, and different next-gen technologies -- galore steady-Eddie (perhaps adjacent boring) high-yield dividend stocks person been near successful their wake.

I'll item 1 of these castaway high-yield stocks and explicate wherefore it is 1 of my favourite buys for 2026 -- particularly aft it declined 63% from its all-time high.

UK-based Nomad Foods (NYSE: NOMD) is the largest frozen foods shaper and distributor successful Europe. It is the No. 1 marque successful 13 of the 15 countries it serves and occupies the No. 2 spot successful the different 2 countries.

With its Birds Eye, iglo, and Findus brands, among others, Nomad generates astir two-thirds of its gross from macromolecule and vegetables. This makes it an absorbing turnaround banal due to the fact that its absorption connected healthier foods -- particularly its precocious revamped chickenhearted and protein-focused meals -- positions the institution good to capitalize connected a broader displacement toward cleaner eating.

Despite serving a frozen nutrient manufacture that typically grows by astir 5% annually, Nomad has seen its banal plummet implicit 60% arsenic it has battled inflation, inventory issues, upwind disruptions successful Europe, and a CEO change. While I powerfully dislike absorption blaming the upwind for immoderate challenges, I inactive judge Nomad is primed for a turnaround acknowledgment to its enactment vantage and the pursuing 5 reasons.

After making 5 acquisitions since 2015, Nomad is shifting its absorption from increasing gross to streamlining its operations. Management aims to prevention $200 cardinal betwixt 2026 and 2028 by reducing the fig of depots successful its logistical chain, transforming its procurement process, and expanding its usage of its accumulation capacity, which presently stands astatine a meager 66%.

And absorption expects superior expenditures to beryllium chopped successful fractional from their three-year mean betwixt 2023 to 2025, which should besides assistance to boost escaped currency travel (FCF). Compared to the company's endeavor worth of $4 billion, $200 cardinal successful imaginable outgo savings would beryllium highly beneficial.