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Lamb Weston Holdings, Inc. (NYSE: LW) declares a 29% increase in quarterly dividend to $0.36 per share of common stock, demonstrating commitment to capital allocation strategy. President and CEO Tom Werner highlights the company's strong track record of delivering returns for shareholders.
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29% increase in quarterly dividend
Strong track record of delivering returns for shareholders
Continued commitment to capital allocation strategy
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EAGLE, Idaho--(BUSINESS WIRE)--
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock, a 29% increase.
“Lamb Weston has a strong track record of delivering returns for our shareholders, and this dividend increase is a demonstration of our continued commitment to our capital allocation strategy,” said President and Chief Executive Officer Tom Werner.
The dividend is payable on March 1, 2024 to stockholders of record as of the close of business on Feb. 2, 2024.
About Lamb Weston
Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities. Learn more about us at lambweston.com.
lamb weston is a leading supplier of frozen potato, sweet potato, appetizer, and vegetable products to restaurants and retailers around the world. for more than 60 years, lamb weston has led the frozen potato industry in innovation, introducing inventive products for our customers. lamb weston products can be found in more than 100 countries around the world. the business is headquartered in eagle, idaho, with manufacturing operations focused in the pacific northwest, primarily in the world’s best potato-growing region, the columbia river basin. lamb weston employs more than 6,000 people around the world in sales offices, manufacturing plants, and corporate offices.
