Leggett & Platt Stock To Go Ex-dividend Tomorrow (LEG)

NEW YORK ( TheStreet) -- The ex-dividend date for Leggett & Platt (NYSE: LEG) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $22.47 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Leggett & Platt has been 1.6 million shares per day over the past 30 days. Leggett & Platt has a market cap of $3.24 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 2.7% 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 21.4, above the average consumer durables industry P/E ratio of 19.6 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, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. 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.
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