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

Lamb Weston (NYSE:LWGet Free Report) announced a quarterly dividend on Friday, December 19th. Investors of record on Friday, January 30th will be given a dividend of 0.38 per share by the specialty retailer on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, January 30th. This is a 2.7% increase from Lamb Weston’s previous quarterly dividend of $0.37.

Lamb Weston has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Lamb Weston has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lamb Weston to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 40.7%.

Lamb Weston Price Performance

Shares of NYSE LW opened at $44.01 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average price is $60.51 and its 200 day moving average price is $57.15. Lamb Weston has a 52 week low of $43.71 and a 52 week high of $68.61. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 5.44 and a beta of 0.44.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Friday, December 19th. The specialty retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Key Stores Impacting Lamb Weston

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Lamb Weston Company Profile

(Get Free Report)

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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