Leggett & Platt Announces Quarterly Dividend Of $.31

CARTHAGE, Mo., Feb. 25, 2015 /PRNewswire/ --

• First quarter dividend is $.31 per share, an increase of 3.3% versus 1Q 2014
• Indicated dividend yield is 2.7%
• Annual dividends have increased for 44 consecutive years at a 13% cagr

Leggett & Platt's Board of Directors announced a dividend of $.31 per share for the first quarter.  The dividend will be paid on April 15, 2015 to shareholders of record on March 13, 2015. 

At an annual indicated dividend of $1.24 per share, the stock's dividend yield is 2.7%, based upon yesterday's closing stock price of $45.30 per share.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 44 consecutive years at a compound annual growth rate of 13%, a record only one other S&P 500 company has matched.

FOR MORE INFORMATION:   www.leggett.com

COMPANY DESCRIPTION: For over 130 years Leggett & Platt LEG has been enhancing people's lives as a diversified manufacturer that designs and produces engineered products found in most homes, offices, and automobiles. Continuing Operations are comprised of 18 business units, 19,000 employee-partners, and 130 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading U.S. manufacturer of: a) components for residential furniture and bedding; b) carpet underlay; c) adjustable bed bases; d) work furniture and components; e) drawn steel wire; f) automotive seat support & lumbar systems; g) bedding industry machinery.

CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Senior Vice President of Corporate Strategy and Investor Relations
Susan R. McCoy, Vice President of Investor Relations

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SOURCE Leggett & Platt