CARTHAGE, Mo., Feb. 21, 2017 /PRNewswire/ --
- First quarter dividend is $.34 per share, an increase of 6.3% versus 1Q 2016
- Indicated dividend yield is 2.8%
- Annual dividends have increased for 46 consecutive years
Leggett & Platt's Board of Directors announced a first quarter dividend of $.34 per share, an increase of $.02 per share or 6.3% versus the first quarter of 2016. The dividend will be paid on April 13, 2017 to shareholders of record on March 15, 2017.
A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 46 consecutive years. At an annual indicated dividend of $1.36 per share, the dividend yield is 2.8% based on Friday's closing stock price of $48.62 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.
FOR MORE INFORMATION: www.leggett.com
COMPANY DESCRIPTION: At Leggett & Platt (NYSE: LEG), we create innovative products that enhance people's lives, generate exceptional returns for our shareholders, and provide sought-after jobs in communities around the world. L&P is a 134 year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 17 business units, 21,000 employee-partners, and 130 manufacturing facilities located in 19 countries.
Leggett & Platt is the leading U.S. manufacturer of: a) components for bedding; b) components for residential furniture; c) carpet cushion; d) adjustable bed bases; e) work furniture and components; f) high-carbon drawn steel wire; g) automotive seat support & lumbar systems; and h) bedding industry machinery.
CONTACT: Investor Relations, (417) 358-8131 or firstname.lastname@example.org
David M. DeSonier, Senior Vice President of Corporate Strategy and Investor Relations
Susan R. McCoy, Vice President of Investor Relations
Wendy M. Watson, Director of Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leggett--platt-announces-quarterly-dividend-of-34-300410779.html
SOURCE Leggett & Platt