CARTHAGE, Mo., Nov. 5, 2019 /PRNewswire/ --
- Fourth quarter dividend is $.40
per share, an increase of 5.3% versus 4Q 2018
- Indicated dividend yield is 3.0%
- Board of Directors announced the election of new board member,
Mary Campbell
Leggett & Platt's Board of Directors announced a dividend of
$.40 per share for the fourth
quarter, an increase of $.02 per
share or 5.3% versus the fourth quarter of 2018. The dividend
will be paid on January 15, 2020 to
shareholders of record on December
13, 2019. At an annual indicated dividend of
$1.60 per share, the yield is 3.0%,
based upon yesterday's closing stock price of $52.47 per share.
In addition, Leggett & Platt announced the election of
Mary Campbell to its Board of
Directors effective immediately. Ms. Campbell, 52, serves as
Chief Merchandising Officer of Qurate Retail Group and Chief
Commerce Officer of QVC U.S. Qurate Retail Group is comprised
of eight leading retail brands including QVC, HSN and Zulily and is
the leader in video commerce, a top-10 ecommerce retailer, and a
leader in mobile and social commerce. In her 20 years at
QVC/Qurate Retail Group, Ms. Campbell has held various executive
positions including Chief Merchandising and Interactive Officer,
Chief Interactive Experience Officer, and Senior Vice President,
Commerce Platforms.
Ms. Campbell currently serves as a director of the Accessories
Council, a not-for-profit, international trade organization.
Ms. Campbell holds a bachelor's degree in Psychology from
Central Connecticut State
University.
"Mary brings extensive knowledge in consumer insight,
consumer-driven product innovation, and direct to consumer
fulfillment and distribution across multi-billion dollar
businesses," said Ted Enloe, Board
Chair. "We are very pleased to have her join our
Board."
Ms. Campbell was identified through a national search that was
conducted by Diversified Search. To learn more about other members
of Leggett's Board of Directors, visit www.leggett.com under the
Corporate Governance and Directors tabs.
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 136-year-old diversified
manufacturer that designs and produces engineered products found in
most homes and automobiles. The company is comprised of 15 business
units, 22,000 employee-partners, and 145 manufacturing facilities
located in 18 countries.
Leggett & Platt is the leading U.S.-based
manufacturer of: a) bedding components; b) automotive seat support
and lumbar systems; c) specialty bedding foams and private-label
finished mattresses; d) components for home furniture and work
furniture; e) flooring underlayment; f) adjustable beds;
g) high-carbon drawn steel wire; and h) bedding industry
machinery.
CONTACT: Investor Relations,
(417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice
President of Investor Relations
Wendy M. Watson, Director of
Investor Relations
Cassie J. Branscum, Manager of
Investor Relations
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SOURCE Leggett & Platt