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Leggett & Platt Announces Quarterly Dividend
Missouri Ag Connection - 11/08/2018

The board of directors at Leggett & Platt, Carthage, Mo., 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 10 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.

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. It 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.

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