NEW YORK ( TheStreet) -- The ex-dividend date for Leggett & Platt (NYSE: LEG) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $22.81 as of 9:30 a.m. ET, the dividend yield is 5%. The average volume for Leggett & Platt has been 1.7 million shares per day over the past 30 days. Leggett & Platt has a market cap of $3.15 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 1.5% year to date as of the close of trading on Friday. Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company has a P/E ratio of 19, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Leggett & Platt as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Leggett & Platt Ratings Report. See our dividend calendar or top-yielding stocks list.