Leggett & Platt Announces Quarterly Dividend Of $.32

CARTHAGE, Mo., Feb. 24, 2016 /PRNewswire/ --

• First quarter dividend is $.32 per share, an increase of 3.2% versus 1Q 2015
• Indicated dividend yield is 2.9%
• Annual dividends have increased for 45 consecutive years at a 13% cagr

Leggett & Platt's Board of Directors announced a dividend of $.32 per share for the first quarter.  The dividend will be paid on April 15, 2016 to shareholders of record on March 15, 2016. 

At an annual indicated dividend of $1.28 per share, the stock's dividend yield is 2.9%, based upon yesterday's closing stock price of $44.23 per share.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 45 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:  At Leggett & Platt LEG, we create innovative products that enhance people's lives, generate exceptional returns for our shareholders, and provide sought-after jobs in communities around the world. L&P is a 133 year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 17 business units, 20,000 employee-partners, and 130 manufacturing facilities located in 19 countries.

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