CARTHAGE, Mo., Aug. 12, 2015 /PRNewswire/ --
- 3Q dividend increased by $.01, or 3.2%, to $.32 per share
- Indicated dividend yield is 2.7%
- Dividends have increased for 44 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 3.2%, to $.32 per share for the third quarter. The dividend will be paid on October 15, 2015 to shareholders of record on September 15, 2015.
At an annual indicated dividend of $1.28 per share, the stock's dividend yield is 2.7%, based upon yesterday's closing stock price of $47.69 per share.
The company has increased its annual dividend for 44 consecutive years, at a 13% compound average growth rate. Only one other S&P 500 company can claim as high a rate of dividend growth for as many years.
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION: At Leggett & Platt (NYSE: LEG), we create innovative products that enhance people's lives, generate exceptional returns for our shareholders, and provide sought-after jobs in communities around the world. L&P is a 132 year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. Continuing Operations are comprised of 18 business units, 20,000 employee-partners, and 130 manufacturing facilities located in 19 countries.
Leggett & Platt is the leading U.S. manufacturer of: a) components for residential furniture and bedding; b) carpet cushion; c) adjustable bed bases; d) work furniture and components; e) drawn steel wire; f) automotive seat support & lumbar systems; 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, Vice President of Investor Relations
SOURCE Leggett & Platt