Lamb Weston Declares $0.38 Quarterly Dividend, Payable June 5
Lamb Weston Holdings, Inc. (NYSE: LW), a leading frozen potato products manufacturer, announced a quarterly cash dividend of $0.38 per share. The dividend is payable June 5, 2026 to shareholders of record as of May 8, 2026.
Lamb Weston Holdings, Inc. (NYSE: LW), a leading frozen potato products manufacturer, announced on March 31, 2026 that its Board of Directors declared a quarterly cash dividend of $0.38 per share. The dividend is payable June 5, 2026 to shareholders of record as of May 8, 2026. Read more dividend announcements.
The announcement came alongside the company's fiscal third quarter 2026 earnings release.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.38 |
| Record Date | May 8, 2026 |
| Payment Date | June 5, 2026 |
| Frequency | Quarterly |
Capital Allocation Activity
During the third quarter of fiscal 2026, Lamb Weston returned $51.4 million to shareholders through cash dividends. For the first nine months of fiscal 2026, the company returned a total of $204.7 million to shareholders, comprising $154.7 million in cash dividends and $50.0 million through share repurchases.
The company repurchased 804,882 shares during the first three quarters of fiscal 2026 at an average price of $62.12 per share. No shares were repurchased during the third quarter due to trading restrictions associated with certain announcements. Following the end of those restrictions, the company implemented a Rule 10b5-1 trading plan for future purchases.
As of March 30, 2026, the company had repurchased 1,053,429 shares of common stock for an aggregate purchase price of $43.7 million under its share repurchase program. Approximately $264 million remained authorized for repurchase as of that date.
Third Quarter Performance
Lamb Weston reported net sales of $1.56 billion for the third quarter of fiscal 2026, up 3% from the prior year period. Net income declined to $54.0 million, or $0.39 per diluted share, compared to $145.8 million, or $1.02 per diluted share, in the year-ago quarter.
Adjusted EBITDA totaled $271.7 million, down 27% from the prior year period. For the first nine months of fiscal 2026, net sales reached $4.84 billion, up 1%, while adjusted EBITDA was $859.5 million, down 11%.
Capital expenditures for the first nine months of fiscal 2026 totaled $251.1 million, down $306.5 million from the prior year period. The decrease reflects completion of major growth initiatives and ongoing efforts to reduce structural capital intensity. The company reduced its full-year capital expenditure guidance to approximately $400 million from approximately $500 million.
As of February 22, 2026, the company had $57.5 million in cash and cash equivalents, with $1.26 billion of additional available liquidity under its revolving credit facility.
Updated Fiscal 2026 Outlook
Lamb Weston raised the midpoint of its fiscal 2026 guidance. The company now expects net sales of $6.45 billion to $6.55 billion, compared to prior guidance of $6.35 billion to $6.55 billion. Adjusted EBITDA guidance was updated to $1.08 billion to $1.14 billion, compared to prior guidance of $1.00 billion to $1.20 billion.
The guidance includes an approximate 1.8% benefit from anticipated favorable foreign currency translation and reflects the company's current assessment of enacted tariffs but does not include potential effects of evolving trade policies. The outlook also accounts for a 53rd week in fiscal 2026, occurring in the fourth quarter.