This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Best 'Dividend Aristocrats' for 2012

1. Leggett & Platt

Liability Adjusted Cash Flow Yield: 8.04%

Dividend Yield: 5.08%

Return on Invested Capital: 22.65%

In the days spent writing this article (after the necessary research was performed to arrive at a list of 10 stocks), Leggett & Platt (LEG - Get Report) shares have sunk far enough to show a negative return on the decade.

This fact should eliminate the stock from our list (keeping in the spirit of our third criterion, listed on the first page of this article). However, because the stock may, at any time, appreciate the few percentage points necessary to merit inclusion in this list, and because there is no other Dividend Aristocrat that satisfies four of our five criteria, we shall allow the company to remain.

Leggett & Platt is a diversified manufacturer whose claim: "Our Products Are All Around You," is a statement of fact, not puffery. The company's product offerings include carpeting found in large, common areas; bed springs; lumbar support within automobiles; and many other products that customers use without noticing.

The company is the highest-yielding stock on this list and also the cheapest. But this "bargain" comes with the caveat that for several years, Leggett & Platt has suffered from deteriorating revenue and income. In the past 12 months, these metrics have righted themselves (somewhat), but the market has valued this company as a business in decline.

The truth, as always, remains to be seen.

>>To see these stocks in action, visit the 10 Best 'Dividend Aristocrats' for 2012 portfolio on Stockpickr.

-- Written by John DeFeo in New York City


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
11 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BDX $143.21 0.42%
ITW $96.53 0.03%
HRL $56.66 0.00%
MMM $162.59 -0.07%
LEG $44.96 -1.43%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs