Leggett & Platt, Inc. : Leggett & Platt Announces $.28 Fourth Quarter Dividend
11/10/2011| 10:40am US/Eastern
CARTHAGE, Mo., Nov. 10, 2011 /PRNewswire/ --
-- Fourth quarter dividend is $.28 per share, an increase of 3.7% versus 4Q
-- Indicated dividend yield is 5.2%.
-- Annual dividends have increased for 40 consecutive years, at a 14%
compound growth rate.
Leggett & Platt's Board of Directors announced a dividend of $.28 per share for the fourth quarter, a 3.7% increase versus the dividend declared in the fourth quarter 2010. The dividend will be paid on January 13, 2012 to shareholders of record on December 15, 2011.
At an annual indicated dividend of $1.12 per share, the yield is 5.2%, based upon yesterday's closing stock price of $21.55 per share.
A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 40 consecutive years at an average compound growth rate of 14%, a record extremely few S&P 500 companies have attained.
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 128-year-old firm is comprised of 19 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) power bed foundations; and g) bedding industry machinery.
CONTACT: Investor Relations, (417) 358-8131 or firstname.lastname@example.org
David M. DeSonier, Senior Vice President of Strategy and Investor Relations
Susan R. McCoy, Staff Vice President of Investor Relations
SOURCE Leggett & Platt