Leggett & Platt Announces Quarterly Dividend Of $.36

CARTHAGE, Mo., Aug. 3, 2017 /PRNewswire/ -- 

• Third quarter dividend is $.36 per share, an increase of 5.9% versus 3Q 2016
• Indicated dividend yield is 3.0%
• Annual dividends have increased for 46 consecutive years

Leggett & Platt's Board of Directors announced a dividend of $.36 per share for the third quarter, an increase of $.02 per share or 5.9% versus the third quarter of 2016.  The dividend will be paid on October 13, 2017 to shareholders of record on September 15, 2017. 

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 46 consecutive years. At an annual indicated dividend of $1.44 per share, the stock's dividend yield is 3.0%, based upon yesterday's closing stock price of $47.62 per share.  Accordingly, Leggett & Platt possesses one of the higher dividend yields among the S&P 500 Dividend Aristocrats.

FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com

COMPANY DESCRIPTION:  At Leggett & Platt (NYSE: LEG), we create innovative products that enhance people's lives, generate exceptional returns for our shareholders, and provide sought-after jobs in communities around the world. L&P is a 134 year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 17 business units, 21,000 employee-partners, and 130 manufacturing facilities located in 19 countries.

Leggett & Platt is the leading U.S. manufacturer of: a) bedding components; b) automotive seat support and lumbar systems; c) components for home furniture and work furniture; d) carpet cushion; e) adjustable beds; f) high-carbon drawn steel wire; and g) bedding industry machinery.

CONTACT:   Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Senior Vice President of Corporate Strategy and Investor Relations
Susan R. McCoy, Vice President of Investor Relations
Wendy M. Watson, Director of Investor Relations

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SOURCE Leggett & Platt