Leggett & Platt raises dividend for 47th year

Leggett & Platt (LEG) will raise its quarterly dividend to 36 cents per share in 2018. This marks the 47th consecutive year of dividend increases by the Dividend Aristocrat.

Leggett & Platt's Board of Directors announced a dividend of $.38 per share for the second quarter, an increase of $.02 per share or 5.6% versus the dividend declared in the second quarter of 2017. The dividend will be paid on July 13, 2018 to shareholders of record on June 15, 2018.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 47 consecutive years, a record that only ten S&P 500 companies currently exceed. At an annual indicated dividend of $1.52 per share, the yield is 3.6%, based upon yesterday's closing stock price of $41.75 per share. Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.

Last year Leggett raised its dividend for the 46th straight year.

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The company’s products include  steel coiled bedsprings, components and finished products for the office seating market, automotive seating components and tubing for the aerospace industry, specialized machinery and equipment, and service van interiors.

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