U.S. potato products processor Lamb Weston Holdings Inc. on Dec. 20 declared a quarterly dividend of 20 cents per share, up 5% from the dividend the previous quarter.

The dividend is payable March 1, 2019, to shareholders of record at the close of business Feb. 1, 2019.

In the same release, the company said its board approved a share repurchase program for up to $250 million of the company's common stock.

The buyback program has no expiration date.