Leggett & Platt Announces Dividend And New Board Chair

Nov 03, 2015, 10:56 ET from Leggett & Platt

CARTHAGE, Mo., Nov. 3, 2015 /PRNewswire/ --

  • Fourth quarter dividend is $.32 per share, an increase of 3.2% versus 4Q 2014
  • Indicated dividend yield is 2.8%
  • Board of Directors elected R. Ted Enloe, III as Board Chair, effective January 1, 2016

Leggett & Platt's Board of Directors announced a dividend of $.32 per share for the fourth quarter.  The dividend will be paid on January 15, 2016 to shareholders of record on December 15, 2015. At an annual indicated dividend of $1.28 per share, the stock's dividend yield is 2.8%, based upon yesterday's closing stock price of $45.85 per share.  

In addition, the Board of Directors elected R. Ted Enloe, III as Board Chair, effective January 1, 2016.  Mr. Enloe has been a director of the company since 1969, and also currently serves on the boards of Silicon Laboratories and Live Nation. His professional background, education, previous senior-executive level positions, and wide-ranging experience combined with intimate knowledge of Leggett & Platt provide him an exceptional mix of familiarity and objectivity. Mr. Enloe will succeed David S. Haffner, whose retirement was previously announced.

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FOR MORE INFORMATION:   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 invest@leggett.com David M. DeSonier, Senior Vice President of Corporate Strategy and Investor Relations Susan R. McCoy, Vice President of Investor Relations

SOURCE Leggett & Platt