LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.44

Rhea-AI Summary

Leggett & Platt has declared a first-quarter dividend of $.44 per share, marking a 4.8% increase from the same period in 2022. The upcoming dividend, which translates to an annual yield of 5.2%, reflects the company's strong financial health. This dividend will be paid on April 14, 2023, to shareholders on record as of March 15, 2023. Leggett & Platt has now achieved an impressive record of increasing its annual dividends for 51 consecutive years, further solidifying its status among the Dividend Kings.

Positive

• Dividend increase of 4.8% to $.44 per share enhances shareholder returns.
• Annual dividend yield stands at 5.2%, indicating strong income potential.
• 51 consecutive years of dividend increases demonstrate company stability and commitment to shareholders.

Negative

• None.

CARTHAGE, Mo., Feb. 23, 2023 /PRNewswire/ --

• First quarter dividend is $.44 per share, an increase of 4.8% versus 1Q 2022
• Indicated dividend yield is 5.2%
• Annual dividends have increased for 51 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.44 per share for the first quarter, an increase of $.02 per share or 4.8% versus the first quarter of 2022.  The dividend will be paid on April 14, 2023 to shareholders of record on March 15, 2023.

At an annual indicated dividend of $1.76 per share, the yield is 5.2%, based upon yesterday's closing stock price of $34.02 per share.  Leggett & Platt has increased its annual dividend for 51 consecutive years and possesses one of the highest yields among the Dividend Kings.

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FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION:  Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in most homes and automobiles. The 140-year-old Company is comprised of 15 business units, approximately 20,000 employees, and 135 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.

CONTACT:   Investor Relations, (417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice President of Investor Relations
Cassie J. Branscum, Senior Director of Investor Relations

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SOURCE Leggett & Platt

FAQ

What is Leggett & Platt's dividend for Q1 2023?

Leggett & Platt has announced a dividend of $.44 per share for Q1 2023.

When will Leggett & Platt pay its dividend?

The dividend will be paid on April 14, 2023.

What is the yield on Leggett & Platt's dividend?

The annual dividend yield for Leggett & Platt is 5.2% based on a closing stock price of $34.02.

How long has Leggett & Platt increased its dividends?

Leggett & Platt has increased its annual dividends for 51 consecutive years.