Lamb Weston Holdings, Inc. announced that its Board of Directors has approved an increase to the quarterly dividend. The Board of Directors declared a quarterly dividend of $0.23 per share of Lamb Weston common stock, an approximately 15% increase from $0.20 per share in the prior quarter. The dividend is payable on Feb. 28, 2020, to stockholders of record at the close of business on Jan. 31, 2020.