Leggett board approves 3.6% dividend increase
Furniture Today Staff -- Furniture Today, March 18, 2013
CARTHAGE, Mo. - Leggett & Platt's board has approved a 3.6% increase in the quarterly dividend on the company's common stock, to 29 cents per share.
The company said the indicated dividend yield on its stock is now 3.8%, one of the highest among the Standard & Poor's 500.
It added that L&P has increased its dividend for 42 straight years at an average compound growth of 13%, a record only two other S&P 500 companies have attained.
The new dividend is payable April 15 to shareholders of record on March 15.
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