Aug. 8, 2012
- 3Q dividend is $.29 per share, an increase of 3.6%
- Indicated dividend yield is 5.0%
- Dividends have increased for 41 consecutive years
Leggett & Platt's Board of Directors announced today that they are raising the company's quarterly dividend by
per share, or 3.6%, to
per share for the third quarter. The dividend will be paid on
October 15, 2012
to shareholders of record on
September 14, 2012
At an annual indicated dividend of
per share, the yield is 5.0%, based upon yesterday's closing stock price of
The company has increased its annual dividend for 41 consecutive years, at a 13% compound average growth rate. Notably, only 11 members of the S&P 500 have a longer string of consecutive annual dividend increases. In addition, Leggett & Platt possesses the highest dividend yield among the S&P 500's Dividend Aristocrats that have posted more than 30 consecutive annual dividend increases.
FOR MORE INFORMATION: Visit Leggett's website at
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a variety of engineered components and products that can be found in most homes, offices, and automobiles. 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.