Lamb Weston (LW) Raises Quarterly Dividend 2% to $0.19125, 1.4% Yield; Announces $250M Capital Investment in Additional Fry Line

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Lamb Weston Holdings Announces $250 Million Capital Investment in Additional Fry Line; Raises Quarterly Dividend

December 21, 2017 4:15 PM EST

EAGLE, Idaho--(BUSINESS WIRE)-- Lamb Weston Holdings, Inc. (NYSE: LW) announced today an expansion of french fry processing capacity in North America and an increase in its quarterly dividend.

The french fry category has been growing at attractive rates around the world, and we believe industry capacity has been challenged in recent years to keep up with continued growth in market demand, said Tom Werner, President and CEO of Lamb Weston. This investment in a new french fry processing line in the Columbia Basin reflects Lamb Westons continued commitment to support our strategic... More