The board of directors at Lamb Weston Holdings, Inc. on September 26 declared a quarterly dividend of $0.20 per share of the company’s common stock. It will be disbursed on November 29 to stockholders of record at the close of business on November 1, 2019.
The Eagle, Idaho, USA-headquartered supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world will report its fiscal 2020 first quarter financial results during a conference call on October 2.
The last quarterly report, issued on July 23, showed Q4 receipts for fiscal 2019 topping $1 billion as sales rose 9%. With annual turnover reaching the $3.757 billion mark, the board voiced optimism that continued growth was anticipated in 2020. This will be driven by steady global demand in North America and Europe as well as in China, Southeast Asia and the Middle East. Continued strong growth is expected in key emerging markets as customers build additional restaurant outlets and as traffic increases as consumers opt for Western-style dining options.