Leggett & Platt's Board of Directors announced that they are raising the company's quarterly dividend by one cent per share, or 3.3%, to $.31 per share for the third quarter.
The dividend will be paid on October 15, 2014 to shareholders of record on September 15, 2014.Leggett & Platt's Board of Directors announced that they are raising the company's quarterly dividend by one cent per share, or 3.3%, to $.31#
At an annual indicated dividend of $1.24 per share, the stock's dividend yield is 3.7%, based upon yesterday's closing stock price of $33.17 per share.
The company has increased its annual dividend for 43 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.
COMPANY DESCRIPTION: Leggett & Platt 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 131-year-old firm is comprised of 19 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.
Leggett & Platt
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