Lamb Weston Holdings Inc (NYSE:LW) announced a quarterly dividend on Wednesday, September 26th, Zacks reports. Investors of record on Friday, November 2nd will be given a dividend of 0.191 per share by the specialty retailer on Friday, November 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 1st.
Lamb Weston has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lamb Weston to earn $3.29 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 23.4%.
NYSE LW opened at $77.01 on Friday. Lamb Weston has a twelve month low of $50.08 and a twelve month high of $79.97. The stock has a market capitalization of $11.43 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.38 and a beta of 0.34.
A number of brokerages have commented on LW. CL King cut shares of Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, July 4th. Stifel Nicolaus raised their price target on shares of Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. ValuEngine cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Jefferies Financial Group raised their price target on shares of Lamb Weston from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $72.00.
Lamb Weston Company Profile
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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