STOCKHOLDERS' EQUITY

6 Months Ended

Nov. 27, 2016

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

13.   STOCKHOLDERS’ EQUITY

In connection with our Separation from Conagra to an independent publicly traded Delaware corporation, we amended and restated our certificate of incorporation to authorize 600,000,000 shares of common stock and 60,000,000 shares of preferred stock. We had 146,046,395 shares of common stock issued and outstanding as of November 27, 2016. Each share of common stock entitles the holder to one vote on matters to be voted on by the stockholders of Lamb Weston. No preferred stock was issued or outstanding on November 27, 2016. 

Dividends

On December 15, 2016, our Board of Directors declared a dividend of $0.1875 per share of common stock. The dividend will be paid on March 1, 2017 to stockholders of record as of the close of business on January 30, 2017.