Lamb Weston (LW) to Issue Quarterly Dividend of $0.38 on September 4th

Lamb Weston (NYSE:LW) declared a quarterly dividend on Thursday, July 23rd. Investors 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) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 7th.

Lamb Weston has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Lamb Weston has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lamb Weston to earn $3.24 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 46.9%.

Lamb Weston Stock Performance

Shares of LW stock opened at $53.26 on Wednesday. The company has a market capitalization of $7.32 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.37 and a beta of 0.46. The business’s 50 day moving average is $46.21 and its two-hundred day moving average is $44.86. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.63 by $0.24. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.Lamb Weston’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Analysts expect that Lamb Weston will post 3.05 EPS for the current fiscal year.

Lamb Weston Company Profile

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.