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Leggett & Platt raises Q2 dividend to $.30/share
08
May '14
Leggett & Platt's Board of Directors announced a dividend of $.30 per share for the second quarter, a 3.4% increase versus the dividend declared in the second quarter 2013.  The dividend will be paid on July 15, 2014 to shareholders of record on June 13, 2014.
 
Highlights: 
-Second quarter dividend is $.30 per share, an increase of 3.4% versus 2Q 2013
-Indicated dividend yield is 3.7%, one of the highest among the S&P 500
-Annual Meeting addressed five items of business; voting aligned with Board recommendations
 
At an annual indicated dividend of $1.20 per share, the yield is 3.7%, based upon yesterday's closing stock price of $32.27 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 companies.
 
A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 43 consecutive years at an average compound growth rate of 13%, a record only one other S&P 500 company has attained.
 
Annual Meeting Results
The annual meeting of Leggett & Platt shareholders was held this morning in Carthage, Missouri. Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the company's independent registered public accountant for 2014; endorsed the compensation of the company's executive officers; approved the 2014 Key Officers Incentive Plan; and rejected a shareholder proposal regarding the company's written non-discrimination policy.  No other proposals were voted upon.
 

Leggett & Platt

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