LEGGETT & PLATT ANNOUNCES DIVIDEND INCREASE AND ANNUAL MEETING RESULTS
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Rhea-AI Summary
Leggett & Platt announced a 4.8% increase in its second quarter dividend, raising it to $.44 per share. This translates to an annual indicated dividend of $1.76 per share, yielding 4.7% based on the prior day's close of $37.08. The dividend will be paid on July 15, 2022, to shareholders of record by June 15, 2022. The company has a strong history, having increased its annual dividend for 51 consecutive years. In the annual meeting, shareholders approved all Board recommendations, including the election of directors and accounting firm choices.
Positive
- Increased dividend by $.02, or 4.8%, to $.44 per share.
- Indicated dividend yield is 4.7%, appealing to income-focused investors.
- 51 consecutive years of annual dividend increases demonstrate consistent performance.
Negative
- None.
Details
News Market Reaction – LEG
The recorded move for LEG in the trading session of this news was +2.62%.
Data tracked by StockTitan Argus. Session date unavailable.
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CARTHAGE, Mo., May 17, 2022 /PRNewswire/ --
- Increased second quarter dividend by $.02, or
4.8% , to $.44 per share - Indicated dividend yield is
4.7% - Annual meeting addressed three items of business; voting aligned with Board recommendations
Leggett & Platt's Board of Directors announced a dividend of $.44 per share for the second quarter, an increase of $.02 per share or
At an annual indicated dividend of
Annual Meeting Results
The annual meeting of Leggett & Platt shareholders was held this morning. Shareholders elected as directors the 12 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2022; and endorsed the compensation of the Company's named executive officers. No other proposals were voted upon.
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 139-year-old Company is comprised of 15 business units, approximately 20,000 employees, and 130 manufacturing facilities located in 17 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
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