LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.42

Rhea-AI Summary

Leggett & Platt has declared a first quarter dividend of $.42 per share, reflecting a 5% increase from the first quarter of 2021. This dividend will be payable on April 15, 2022, to shareholders recorded by March 15, 2022. With an annual indicated dividend of $1.68 per share, the yield stands at 4.4%. Notably, the company has consistently raised its annual dividends for 50 consecutive years, marking it as one of the prominent Dividend Kings in the market.

Positive

• Declared quarterly dividend of $0.42 per share, a 5% increase from prior year.
• Annual indicated dividend yield of 4.4%, providing strong income potential for shareholders.
• 50 consecutive years of increased annual dividends, demonstrating company stability and shareholder confidence.

Negative

• None.

CARTHAGE, Mo., Feb. 22, 2022 /PRNewswire/ --

• First quarter dividend is $.42 per share, an increase of 5% versus 1Q 2021
• Indicated dividend yield is 4.4%
• Annual dividends have increased for 50 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.42 per share for the first quarter, an increase of $.02 per share or 5% versus the first quarter of 2021.  The dividend will be paid on April 15, 2022 to shareholders of record on March 15, 2022.

At an annual indicated dividend of $1.68 per share, the yield is 4.4%, based upon Friday's closing stock price of $38.48 per share.  Leggett & Platt has increased its annual dividend for 50 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 139-year-old Company is comprised of 15 business units, approximately 20,000 employees, and over 130 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 the dividend amount announced by Leggett & Platt for Q1 2022?

Leggett & Platt announced a dividend of $.42 per share for the first quarter of 2022.

When will Leggett & Platt's first quarter dividend be paid?

The dividend will be paid on April 15, 2022.

What is the indicated dividend yield for Leggett & Platt?

The indicated dividend yield for Leggett & Platt is 4.4%.

How long has Leggett & Platt been increasing its dividends?

Leggett & Platt has increased its annual dividends for 50 consecutive years.