The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Leggett & Platt Increases Quarterly Dividend To $.29

Wednesday, August 08, 2012

Leggett & Platt Increases Quarterly Dividend To $.2910:32 EDT Wednesday, August 08, 2012CARTHAGE, Mo., Aug. 8, 2012 /PRNewswire/ --3Q dividend is $.29 per share, an increase of 3.6% Indicated dividend yield is 5.0% Dividends have increased for 41 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 3.6%, to $.29 per share for the third quarter.  The dividend will be paid on October 15, 2012 to shareholders of record on September 14, 2012.At an annual indicated dividend of $1.16 per share, the yield is 5.0%, based upon yesterday's closing stock price of $23.01 per share.The company has increased its annual dividend for 41 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 the highest dividend yield among the S&P 500's Dividend Aristocrats that have posted more than 30 consecutive annual dividend increases. FOR MORE INFORMATION: Visit Leggett's website at DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a variety of engineered components and products that can be found in most homes, offices, and automobiles. The 129-year-old firm is comprised of 20 business units, 18,000 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.CONTACT:   Investor Relations, (417) 358-8131 or - David M. DeSonier, Senior Vice President of Strategy and Investor Relations - Susan R. McCoy, Staff Vice President of Investor RelationsSOURCE Leggett & Platt