UPDATE: Lamb Weston (LW) Raises Quarterly Dividend 4.6% to $0.20; Approves $250M Buyback

(Updated - December 20, 2018 4:22 PM EST)

Lamb Weston (NYSE: LW) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 4.6% increase from the prior dividend of $0.19125.

The dividend will be payable on March 1, 2019, to stockholders of record on February 1, 2019, with an ex-dividend date of January 31, 2019.

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.

Share Repurchase

The Board of Directors also authorized the Company to repurchase up to $250 million of its common stock. The program has no expiration date.

Under the share repurchase program, the Company is authorized to repurchase shares of common stock in the open market, privately negotiated transactions or a combination of the foregoing. The timing and amount of stock repurchases will be subject to the Company’s evaluation of market conditions, applicable legal requirements and other factors.

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

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