Leggett & Platt Increases Quarterly Dividend By 3%, To $.32

Aug 12, 2015, 11:01 ET from Leggett & Platt

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 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