Leggett & Platt Announces Quarterly Dividend Of $.38

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Nov 06, 2018, 10:40 ET

CARTHAGE, Mo., Nov. 6, 2018 /PRNewswire/ --

Fourth quarter dividend is $.38 per share, an increase of 5.6% versus 4Q 2017
Indicated dividend yield is 4.0%
Annual dividends have increased for 47 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.38 per share for the fourth quarter, an increase of $.02 per share or 5.6% versus the fourth quarter of 2017. The dividend will be paid on January 15, 2019 to shareholders of record on December 14, 2018.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 47 consecutive years, a record that only ten S&P 500 companies currently exceed.

At an annual indicated dividend of $1.52 per share, the yield is 4.0%, based upon yesterday's closing stock price of $37.90 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.

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 135-year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 14 business units, 22,000 employee-partners, and 120 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading U.S. manufacturer of: a) bedding components; b) automotive seat support and lumbar systems; c) components for home furniture and work furniture; d) flooring underlayment; e) adjustable beds; f) high-carbon drawn steel wire; and g) bedding industry machinery.

CONTACT: Investor Relations, (417) 358-8131 or [email protected]
Susan R. McCoy, Vice President of Investor Relations
Wendy M. Watson, Director of Investor Relations
Cassie J. Branscum, Manager of Investor Relations

SOURCE Leggett & Platt