Leggett & Platt increases stock dividend to 27 cents
Furniture Today Staff -- Furniture Today, May 12, 2011
CARTHAGE, Mo. — Leggett & Platt's board has increased the company's quarterly stock dividend for the 40th consecutive year, by 3.8% to 27 cents per share.
The dividend will be paid July 15 to shareholders of record on June 15.
The components supplier and manufacturer said its dividends have grown at a 14% compound annual rate over the past 40 years. Based on Thursday's closing stock price of $25.94, the new dividend has an indicated yield of 4.2%.