Leggett Raises First Quarter Dividend
Carthage, MO - The Board of Directors of Leggett & Platt, Incorporated today declared a $.15 per share first quarter dividend. The dividend will be paid on March 16, 1998 to shareholders of record on February 27, 1998.
The current dividend is 7% higher than the previous quarterly rate of $.14 per share, and 15% above the 1997 first quarter dividend. Today’s action marks the 27th consecutive year cash dividends on Leggett stock have been increased. Over this 27 year period, the quarterly dividend has increased 45-fold, or 15.1% compounded annually.
Leggett & Platt is a leading manufacturer of engineered products serving several major markets. These engineered products include bedding and furniture components and related products for home, office and institutional furnishings; retail store fixtures, displays and other commercial products; aluminum die castings; plus specialized materials and equipment for Leggett operations and other manufacturers. Leggett has facilities throughout North America and in several international locations. Its common stock is listed on the New York and Pacific Stock Exchanges under the symbol LEG.