Understanding Leggett & Platt's Ex-Dividend Date

Leggett & Platt LEG declared a dividend payable on April 15, 2021 to its shareholders as of February 8, 2021. It was also announced that shareholders of Leggett & Platt's stock as of March 15, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Leggett & Platt has an ex-dividend date planned for March 12, 2021. The company's current dividend payout sits at $0.4. That equates to a dividend yield of 3.72% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Leggett & Platt's Dividend Payouts And Yields

Over the past year, Leggett & Platt has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on March 12, 2020 the company's payout was $0.4, which has returned to its value today. Leggett & Platt's dividend yield last year was 3.55%, which has since grown by 0.17%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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