Leggett Announces Dividend Increase

CARTHAGE, Mo., May 7, 2019 /PRNewswire/ --

• Increased second quarter dividend by $.02, or 5.3%, to $.40 per share
• Indicated dividend yield is 4.0%, one of the highest among the S&P 500 Dividend Aristocrats

Leggett & Platt's Board of Directors announced a dividend of $.40 per share for the second quarter, an increase of $.02 per share or 5.3% versus the dividend declared in the second quarter of 2018.  The dividend will be paid on July 15, 2019 to shareholders of record on June 14, 2019.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 48 consecutive years, a record that only ten S&P 500 companies currently exceed.  At an annual indicated dividend of $1.60 per share, the yield is 4.0%, based upon yesterday's closing stock price of $40.10 per share.  Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.

FOR MORE INFORMATION: Visit Leggett's website at 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 136-year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 15 business units, 23,000 employee-partners, and 145 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading U.S.-based manufacturer of: a) bedding components; b) automotive seat support and lumbar systems; c) specialty bedding foams and private-label finished mattresses; d) components for home furniture and work furniture; e) flooring underlayment; f) adjustable beds; g) high-carbon drawn steel wire; and h) bedding industry machinery.

CONTACT:   Investor Relations, (417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice President of Investor Relations
Wendy M. Watson, Director of Investor Relations
Cassie J. Branscum, Manager of Investor Relations

SOURCE Leggett & Platt