Leggett & Platt's Board of Directors recently announced a dividend of $.40 per share for the first quarter, an increase of $.02 per share or 5.3% versus the first quarter of 2019. The dividend will be paid on April 15, 2020 to shareholders of record on March 13, 2020.
A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 49 consecutive years, a record that only ten S&P 500 companies currently exceed.
At an annual indicated dividend of $1.60 per share, the yield is 3.6%, based upon yesterday's closing stock price of $45.06 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.
About Leggett & Platt: At Leggett & Platt, we create innovative products that enhance people's lives, generate exceptional returns for our shareholders, and provide sought-after jobsin communities around the world. L&P is a 137-year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 15 business units, 22,000 employee-partners, and 140 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.