CARTHAGE, Mo., Nov. 5, 2013 /PRNewswire/ --
- 4Q dividend is $.30 per share, an increase of 3.4% versus 4Q 2012
- Indicated dividend yield is 4.0%
- Annual dividends have increased for 42 consecutive years
Leggett & Platt's Board of Directors announced a dividend of $.30 per share for the fourth quarter. The dividend will be paid on January 15, 2014 to shareholders of record on December 13, 2013.
At an annual indicated dividend of $1.20 per share, the stock's dividend yield is 4.0%, based upon yesterday's closing stock price of $29.75 per share.
The company has increased its annual dividend for 42 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 one of the highest dividend yields among the S&P 500's Dividend Aristocrats.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 variety of engineered components and products that can be found in most homes, offices, and automobiles. The 130-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, (417) 358-8131 or firstname.lastname@example.org- David M. DeSonier, Senior Vice President of Strategy and Investor Relations- Susan R. McCoy, Staff Vice President of Investor Relations SOURCE Leggett & Platt