CARTHAGE, Mo., Feb. 23, 2012 /PRNewswire/ --
- First quarter dividend is $.28 per share, an increase of 3.7% versus 1Q 2011.
- Indicated dividend yield is 5.1%, based upon yesterday's closing price.
- Dividends have increased for 41 consecutive years at more than a 13% compound growth rate.
Leggett & Platt's Board of Directors announced a dividend of $.28 per share for the first quarter, a 3.7% increase versus the dividend declared in the first quarter 2011. The dividend will be paid on April 13, 2012 to shareholders of record on March 15, 2012.
A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 41 consecutive years at an average compound growth rate of over 13%, a record extremely few S&P 500 companies have attained.
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 129-year-old firm is comprised of 20 business units, 18,000 employee-partners, and 130 manufacturing facilities located in 18 countries.
Leggett & Platt is the leading U.S. manufacturer of: a) components for residential furniture and bedding; b) office furniture components; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) adjustable bed bases; and g) bedding industry machinery.
CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Senior Vice President of Strategy and Investor Relations
Susan R. McCoy, Staff Vice President of Investor Relations
SOURCE Leggett & Platt
