Leggett & Platt Announces $.28 First Quarter Dividend

CARTHAGE, Mo., Feb. 23, 2012 /PRNewswire/ --

• First quarter dividend is $.28 per share, an increase of 3.7% versus 1Q 2011.
• Indicated dividend yield is 5.1%, based upon yesterday's closing price.
• Dividends have increased for 41 consecutive years at more than a 13% compound growth rate.

 

Leggett & Platt's Board of Directors announced a dividend of $.28 per share for the first quarter, a 3.7% increase versus the dividend declared in the first quarter 2011.  The dividend will be paid on April 13, 2012 to shareholders of record on March 15, 2012.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 41 consecutive years at an average compound growth rate of over 13%, a record extremely few S&P 500 companies have attained.

FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 129-year-old firm is comprised of 20 business units, 18,000 employee-partners, and 130 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading U.S. manufacturer of: a) components for residential furniture and bedding; b) office furniture components; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) adjustable bed bases; and g) bedding industry machinery.

CONTACT:   Investor Relations, [phone] or [e-mail] David M. DeSonier, Senior Vice President of Strategy and Investor Relations Susan R. McCoy, Staff Vice President of Investor Relations

 

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