LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46

Rhea-AI Summary

Leggett & Platt (NYSE: LEG) has announced a dividend of $.46 per share for the fourth quarter, marking a 4.5% increase from the same period in 2022. With annual dividends increasing for 52 consecutive years, the indicated annual dividend yield is 7.8%, based on the closing stock price of $23.60 per share.

CARTHAGE, Mo., Nov. 7, 2023 /PRNewswire/ --

• Fourth quarter dividend is $.46 per share, an increase of 4.5% versus 4Q 2022
• Annual dividends have increased for 52 consecutive years
• Indicated dividend yield is 7.8%

Leggett & Platt's Board of Directors announced a dividend of $.46 per share for the fourth quarter, an increase of $.02 per share or 4.5% versus the fourth quarter of 2022. The dividend will be paid on January 12, 2024 to shareholders of record on December 15, 2023.

Leggett & Platt has increased its annual dividend for 52 consecutive years and is a member of the Dividend Kings. At an annual indicated dividend of $1.84 per share, the yield is 7.8%, based upon yesterday's closing stock price of $23.60 per share. 

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 amount announced by Leggett & Platt for the fourth quarter?

Leggett & Platt announced a dividend of $.46 per share for the fourth quarter, reflecting a 4.5% increase from the same period in 2022.

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

Leggett & Platt has increased its annual dividend for 52 consecutive years, positioning it as a member of the Dividend Kings.

What is the indicated annual dividend yield based on the current stock price?

The indicated annual dividend yield is 7.8%, calculated based on the closing stock price of $23.60 per share.

What does Leggett & Platt do as a company?

Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces engineered components and products for homes and automobiles, with a presence in 18 countries.