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Lamb Weston Holdings Increases Quarterly Dividend

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EAGLE, Idaho--(BUSINESS WIRE)-- The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today approved a 14% annualized increase to the quarterly dividend. The Board declared a quarterly dividend of $0.28 per share of Lamb Weston common stock.

“This increase is a clear demonstration of our capital allocation priority of returning cash to shareholders. This priority, along with investing in our business through capacity expansions and acquisitions to support long-term growth, and maintaining a strong balance sheet, consistently drive our capital allocation decisions,” said President and Chief Executive Officer Tom Werner.

The dividend is payable on March 3, 2023, to stockholders of record as of the close of business on Feb. 3, 2023.

About Lamb Weston

Lamb Weston, along with its joint venture partners, 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.

Investor Relations:

Dexter Congbalay

224-306-1535

Dexter.Congbalay@lambweston.com



Media:

Shelby Stoolman

208-424-5461

shelby.stoolman@lambweston.com

Source: Lamb Weston Holdings, Inc.

Lamb Weston Holdings, Inc.

NYSE:LW

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12.75B
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2.63%
Frozen Fruit, Juice, and Vegetable Manufacturing
Manufacturing
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United States of America
EAGLE

About LW

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.