Leggett & Platt Announces Quarterly Dividend Of $.30

Feb 26, 2014, 11:23 ET from Leggett & Platt

CARTHAGE, Mo., Feb. 26, 2014 /PRNewswire/ -- 

  • First quarter dividend is $.30 per share, an increase of 3.4% versus 1Q 2013
  • Indicated dividend yield is 3.8%
  • Annual dividends have increased for 43 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.30 per share for the first quarter.  The dividend will be paid on April 15, 2014 to shareholders of record on March 14, 2014. 

At an annual indicated dividend of $1.20 per share, the stock's dividend yield is 3.8%, based upon yesterday's closing stock price of $31.24 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 43 consecutive years at a compound annual growth rate of 13%, a record only one other S&P 500 company has achieved.

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 variety of engineered components and products that can be found in most homes, offices, and automobiles. The 131-year-old firm is comprised of 20 business units, 19,000 employee-partners, and 130 manufacturing facilities located in 18 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 invest@leggett.com  - David M. DeSonier, Senior Vice President of Strategy and Investor Relations - Susan R. McCoy, Staff Vice President of Investor Relations

SOURCE Leggett & Platt