Leggett & Platt Announces Quarterly Dividend Of $.40

CARTHAGE, Mo., Feb. 19, 2020 /PRNewswire/ --

• First quarter dividend is $.40 per share, an increase of 5.3% versus 1Q 2019
• Indicated dividend yield is 3.6%
• Annual dividends have increased for 49 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.40 per share for the first quarter, an increase of $.02 per share or 5.3% versus the first quarter of 2019. The dividend will be paid on April 15, 2020 to shareholders of record on March 13, 2020.

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 49 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 3.6%, based upon yesterday's closing stock price of $45.06 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 137-year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 15 business units, 22,000 employee-partners, and 140 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; and g) 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, Vice President of Investor Relations

Cassie J. Branscum, Manager of Investor Relations

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SOURCE Leggett & Platt