Leggett & Platt Increases Quarterly Dividend To $.30
CARTHAGE, Mo., Aug. 8, 2013 /PRNewswire/ --
- 3Q dividend is $.30 per share, an increase of 3.4%
- Indicated dividend yield is 3.9%
- Dividends have increased for 42 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 3.4%, to $.30 per share for the third quarter. The dividend will be paid on October 15, 2013 to shareholders of record on September 13, 2013.
At an annual indicated dividend of $1.20 per share, the stock's dividend yield is 3.9%, based upon yesterday's closing stock price of $30.78 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 broad variety of engineered components and products 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 17 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