Potato products supplier Lamb Weston Holdings Inc. (LW) will raise its quarterly dividend by another 14.3 percent to $0.28 quarterly per share. The dividend yield for LW is 1.25% at a stock price of $90.
Lamb Weston 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.