Lamb Weston Holdings Inc (NYSE:LW) Plans Quarterly Dividend of $0.20

Lamb Weston Holdings Inc (NYSE:LW) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.20 per share by the specialty retailer on Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, August 1st.

Lamb Weston has a dividend payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lamb Weston to earn $3.64 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.0%.

Shares of Lamb Weston stock traded up $0.19 on Wednesday, reaching $68.44. 732,500 shares of the company were exchanged, compared to its average volume of 1,641,523. Lamb Weston has a one year low of $58.83 and a one year high of $83.86. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.66 and a beta of 0.19. The company has a 50-day moving average of $66.42 and a 200 day moving average of $67.34.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Lamb Weston had a negative return on equity of 402.03% and a net margin of 12.48%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.49 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Lamb Weston will post 3.45 EPS for the current year.

LW has been the topic of a number of analyst reports. Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. assumed coverage on Lamb Weston in a research note on Monday, June 17th. They set a “neutral” rating and a $65.00 price objective on the stock. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target on the stock in a research note on Friday, July 26th. Finally, Goldman Sachs Group upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, June 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.71.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Dividend History for Lamb Weston (NYSE:LW)

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