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

Lamb Weston (NYSE:LWGet Free Report) announced a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, August 7th will be paid a dividend of 0.38 per share by the specialty retailer on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th.

Lamb Weston has increased its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Lamb Weston to earn $3.10 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 49.0%.

Lamb Weston Price Performance

Shares of LW stock opened at $49.57 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The firm has a market cap of $6.84 billion, a P/E ratio of 23.17, a P/E/G ratio of 6.53 and a beta of 0.47. The business’s 50 day moving average price is $44.73 and its 200-day moving average price is $44.25.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts anticipate that Lamb Weston will post 2.85 earnings per share for the current year.

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About Lamb Weston

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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.

See Also

Dividend History for Lamb Weston (NYSE:LW)

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