CARTHAGE, Mo., Aug. 5, 2014 /PRNewswire/ --
- 3Q dividend increased by $.01, or 3.3%, to $.31 per share
- Indicated dividend yield is 3.7%
- Dividends have increased for 43 consecutive years
Leggett & Platt's Board of Directors announced today that they are raising the company's quarterly dividend by one cent per share, or 3.3%, to $.31 per share for the third quarter. The dividend will be paid on October 15, 2014 to shareholders of record on September 15, 2014.
At an annual indicated dividend of $1.24 per share, the stock's dividend yield is 3.7%, based upon yesterday's closing stock price of $33.17 per share.
The company has increased its annual dividend for 43 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 broad variety of engineered components and products found in most homes, offices, and automobiles. The 131-year-old firm is comprised of 19 business units, 19,000 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 Corporate Strategy and Investor Relations Susan R. McCoy, Staff Vice President of Investor Relations SOURCE Leggett & Platt