At an annual indicated dividend of $1.20 per share, the stock's dividend yield is 4.0%, based upon yesterday's closing stock price of $29.75 per share.
The company has increased its annual dividend for 42 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.
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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