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

Lamb Weston (NYSE:LW) announced a quarterly dividend on Friday, December 19th. Shareholders 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) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend 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%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 38.7% indicating that its dividend is sufficiently covered by earnings. 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 traded down $15.32 during mid-day trading on Friday, reaching $44.01. The company’s stock had a trading volume of 23,378,406 shares, compared to its average volume of 2,202,395. The firm has a market capitalization of $6.13 billion, a PE ratio of 21.06, a P/E/G ratio of 5.46 and a beta of 0.44. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The stock has a fifty day moving average of $60.90 and a two-hundred day moving average of $57.22. Lamb Weston has a 52 week low of $43.71 and a 52 week high of $68.61.

Lamb Weston (NYSE:LW) last issued its earnings results on Friday, December 19th. The specialty retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

About Lamb Weston

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.