Leggett & Platt Raises Dividend 3%

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Furniture component manufacturer Leggett & Plattannounced today its third-quarter dividend of $0.30 per share, a 3% increase from the payout it made to investors last quarter of $0.29 per share.

The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on September 13. Dividends have increased for 42 consecutive years.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 3.9% based on the closing price today of Leggett & Platt's stock.


LEG Dividend Chart

LEG Dividend data by YCharts.

The article Leggett & Platt Raises Dividend 3% originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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