Leggett & Platt Announces $.31 Quarterly Dividend

CARTHAGE, Mo., Nov. 4, 2014 /PRNewswire/ --

• 4Q dividend is $.31 per share, an increase of 3.3% versus 4Q 2013
• Indicated dividend yield is 3.1%
• Annual dividends have increased for 43 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.31 per share for the fourth quarter, an increase of 3.3% versus the same quarter of last year. The company has increased its annual dividend for 43 consecutive years, a record only 11 members of the S&P 500 have surpassed.

At an annual indicated dividend of $1.24 per share, the stock's dividend yield is 3.1%, based upon yesterday's closing stock price of $39.92 per share.  Leggett & Platt possesses one of the highest dividend yields among the S&P 500's Dividend Aristocrats.

The dividend will be paid on January 15, 2015 to shareholders of record on December 15, 2014. 

FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION: For over 130 years Leggett & Platt LEG has been making people's lives more comfortable 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) work furniture and components; c) drawn steel wire; d) automotive seat support & lumbar systems; e) carpet underlay; f) adjustable bed bases; 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

SOURCE Leggett & Platt