Lamb Weston (NYSE:LW) Declares Quarterly Dividend of $0.38

Lamb Weston (NYSE:LWGet Free Report) announced a quarterly dividend on Tuesday, March 31st. Stockholders of record on Friday, May 8th will be given a dividend of 0.38 per share by the specialty retailer on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, May 8th.

Lamb Weston has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Lamb Weston has a dividend payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lamb Weston to earn $3.09 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 49.2%.

Lamb Weston Price Performance

Lamb Weston stock opened at $42.49 on Wednesday. The stock has a market cap of $5.87 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 6.15 and a beta of 0.47. The company has a fifty day simple moving average of $43.15 and a 200-day simple moving average of $49.36. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99.

Lamb Weston (NYSE:LWGet Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.61 by $0.11. Lamb Weston had a net margin of 4.61% and a return on equity of 23.77%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business earned $1.10 EPS. Lamb Weston’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Lamb Weston will post 2.85 EPS for the current fiscal year.

Lamb Weston Company Profile

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Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.

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Dividend History for Lamb Weston (NYSE:LW)

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