CARTHAGE, Mo., Aug. 6 /PRNewswire-FirstCall/ --
- 3Q dividend is $.26 per share, an increase of 4% versus the second quarter.
- Indicated dividend yield is 5.9% (based on yesterday's $17.72 closing stock price).
- Dividends have increased annually for 38 consecutive years, at 14% compound growth rate.
Leggett & Platt's Board of Directors announced today they are raising the company's dividend by one cent per share, or 4%, to $.26 per share for the third quarter. The dividend will be paid on October 15, 2009 to shareholders of record on September 15, 2009.
Leggett knows of no other S&P 500 company that has achieved as long a string of consecutive annual dividend increases at a 14% compound annual growth rate.
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 126-year-old firm's continuing operations are composed of 19 business units, 19,000 employee-partners, and approximately 160 manufacturing facilities located in 18 countries.
Leggett & Platt is North America's leading independent manufacturer of: a) components for residential furniture and bedding; b) components for office furniture; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) adjustable beds; and g) bedding industry machinery.
CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Vice President of Strategy and Investor Relations
Susan R. McCoy, Director of Investor Relations
SOURCE Leggett & Platt
