Dividend Aristocrat Leggett & Platt (LEG) announced a dividend of $.40 per share for the first quarter, an increase of $.02 per share or 5.3% versus the previous quarterly dividend of $.38. Leggett & Platt has increased its annual dividend for 49 consecutive years now and is close to the Dividend King status.
At an annual forward dividend of $1.60 per share, the yield is 3.6%, based upon yesterday’s closing stock price of $45.06 per share. Based on this forward dividend yield, Leggett & Platt is amongst the top-10 highest dividend yields of the S&P 500 Dividend Aristocrats. Exxon Mobil and AT&T’s dividend yields are even above 5%.
Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft.