- Lamb Weston Holdings Inc LW said its Board of Directors 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.
- The dividend is payable on March 3, 2023, to stockholders of record as of the close of business on February 3, 2023.
- "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 CEO Tom Werner.
- The company held $485.3 million in cash and equivalents as of August 28, 2022.
- Lamb Weston is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world.
- Price Action: LW shares are trading higher by 0.69% at $87.68 in premarket on the last check Thursday.
- Photo Via Company
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