Lamb Weston Holdings Increases Quarterly Dividend
December 14 2022 - 6:00PM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221214006019/en/
Investor Relations: Dexter Congbalay 224-306-1535
Dexter.Congbalay@lambweston.com Media: Shelby Stoolman 208-424-5461
shelby.stoolman@lambweston.com
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