LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46

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Leggett & Platt announces quarterly dividend increase

Positive

• Leggett & Platt's Board of Directors announced a dividend increase of 4.5% for the third quarter, with a yield of 6.2% based on the closing stock price of $29.69 per share. The company has increased its annual dividend for 52 consecutive years, making it one of the Dividend Kings.

Negative

• None.

CARTHAGE, Mo., Aug. 8, 2023 /PRNewswire/ --

• Third quarter dividend is $.46 per share, an increase of 4.5% versus 3Q 2022
• Indicated dividend yield is 6.2%
• Annual dividends have increased for 52 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.46 per share for the third quarter, an increase of $.02 per share or 4.5% versus the third quarter of 2022.  The dividend will be paid on October 13, 2023 to shareholders of record on September 15, 2023.

At an annual indicated dividend of $1.84 per share, the yield is 6.2%, based upon yesterday's closing stock price of $29.69 per share.  Leggett & Platt has increased its annual dividend for 52 consecutive years and possesses one of the highest yields among the Dividend Kings.

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FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION:  Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 140-year-old Company is comprised of 15 business units, approximately 20,000 employees, and 135 manufacturing facilities located in 18 countries. 

Leggett & Platt is the leading U.S.-based manufacturer of: a) bedding components; b) automotive seat support and lumbar systems; c) specialty bedding foams and private label finished mattresses; d) components for home furniture and work furniture; e) flooring underlayment; f) adjustable beds; and g) bedding industry machinery.

CONTACT:   Investor Relations, (417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice President of Investor Relations
Cassie J. Branscum, Senior Director of Investor Relations
Kolina A. Talbert, Manager of Investor Relations

 

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SOURCE Leggett & Platt

FAQ

What is the dividend increase announced by Leggett & Platt?

The dividend increase announced by Leggett & Platt is 4.5% for the third quarter.

What is the dividend yield based on the closing stock price?

The dividend yield based on the closing stock price is 6.2%.

How many consecutive years has Leggett & Platt increased its annual dividend?

Leggett & Platt has increased its annual dividend for 52 consecutive years.

What is Leggett & Platt's stock symbol?

Leggett & Platt's stock symbol is LEG.

Where can I find more information about Leggett & Platt?

You can visit Leggett's website at www.leggett.com.