Lamb Weston (NYSE:LW) Shares Will Pay Quarterly Dividend of $0.38

Lamb Weston (NYSE:LW) declared a quarterly dividend on Monday, October 5th. Investors of record on Friday, November 6th will be paid a dividend of $0.38 per share by the specialty retailer on Friday, December 4th. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, November 6th.

Lamb Weston has increased its dividend by an average of 0.1%per year over the last three years and has raised 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 Trading Up 7.4%

Shares of LW traded up $3.28 during mid-day trading on Tuesday, hitting $47.85. 8,376,715 shares of the company’s stock traded hands, compared to its average volume of 2,248,889. The business’s 50-day moving average price is $50.13 and its 200-day moving average price is $45.96. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $6.58 billion, a P/E ratio of 23.01, a PEG ratio of 1.94 and a beta of 0.49.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.16. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue was up .7% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. As a group, sell-side analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

About Lamb Weston

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.