Lamb Weston Holdings (LW) will raise its quarterly dividend by 2.0 percent to $0.19125 per share. Last year the company initiated its quarterly dividend and this marks the first ever increase. Lamb Weston became an independent publicly traded company in 2016 when the company was separated from Conagra Brands.
Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide. The company is the number one supplier of value-added frozen potato products in North America and a leading supplier of value-added frozen potato products internationally with French fries representing the majority the product portfolio. Lamb Weston has four reportable segments: Global, Foodservice, Retail, and Other. Lamb Weston became an independent publicly traded company in 2016 when the company was separated from Conagra Brands.