Leggett & Platt Announces Dividend And Annual Meeting Results

CARTHAGE, Mo., May 5, 2015 /PRNewswire/ --  

• Second quarter dividend is $.31 per share, an increase of 3.3% versus 2Q 2014
• Indicated dividend yield is 2.7%, one of the highest among the S&P 500 Dividend Aristocrats
• Annual Meeting addressed five items of business; voting aligned with Board recommendations

Leggett & Platt's Board of Directors announced a dividend of $.31 per share for the second quarter, a 3.3% increase versus the dividend declared in the second quarter 2014.  The dividend will be paid on July 15, 2015 to shareholders of record on June 15, 2015.

At an annual indicated dividend of $1.24 per share, the yield is 2.7%, based upon yesterday's closing stock price of $46.17 per share.  Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.

Leggett & Platt has increased its annual dividend for 44 consecutive years at an average compound growth rate of 13%, a record only one other S&P 500 company has attained.

Annual Meeting Results

The annual meeting of Leggett & Platt shareholders was held this morning in Carthage, Missouri.  Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the company's independent registered public accountant for 2015;  endorsed the compensation of the company's executive officers; approved the company's Flexible Stock Plan; and approved the company's Discount Stock Plan.  No other proposals were voted upon.

FOR MORE INFORMATION: Visit Leggett's website at 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 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) work furniture and components; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet cushion; f) adjustable bed bases; and g) bedding industry machinery.

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

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SOURCE Leggett & Platt