Leggett & Platt raises dividend by 3.4%
Furniture Today Staff -- Furniture Today, August 19, 2013
CARTHAGE, Mo. - Leggett & Platt's board has announced the company is raising the quarterly dividend on its stock by 3.4%, or 1 cent per share, to 30 cents per share.
The next dividend will be paid Oct. 15 to shareholders of record on Sept. 13.
Leggett officials noted that the company has increased dividends for 42 consecutive years. Based on a recent closing price of $30.78 per share, the indicated annual yield on the stock is 3.9%.