Lamb Weston (LW) Raises Quarterly Dividend 15% to $0.23; 1.1% Yield

Lamb Weston (NYSE: LW) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. This is a 15% increase from the prior dividend of $0.20.

The dividend will be payable on February 28, 2020, to stockholders of record on January 31, 2020, with an ex-dividend date of January 30, 2020.

The annual yield on the dividend is 1.1 percent.

In addition, the Company stated that it will continue to target an annual dividend payout ratio of 25 percent to 35 percent of Adjusted Diluted Earnings Per Share.

For a dividend history and other dividend-related data on Lamb Weston (LW) click here.

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