CARTHAGE, Mo., May 17, 2022
/PRNewswire/ --
- Increased second quarter dividend by $.02, or 4.8%, to $.44 per share
- Indicated dividend yield is 4.7%
- Annual meeting addressed three items of business; voting
aligned with Board recommendations
Leggett & Platt's Board of Directors announced a dividend of
$.44 per share for the second
quarter, an increase of $.02 per
share or 4.8% versus the dividend declared in the second quarter of
2021. The dividend will be paid on July 15, 2022 to shareholders of record on
June 15, 2022.
At an annual indicated dividend of $1.76 per share, the yield is 4.7%, based upon
yesterday's closing stock price of $37.08 per share. Leggett & Platt has
increased its annual dividend for 51 consecutive years and
possesses one of the highest yields among the Dividend
Kings.
Annual Meeting Results
The annual meeting of Leggett & Platt shareholders was held
this morning. Shareholders elected as directors the 12
nominees proposed by the Board; ratified the selection of
PricewaterhouseCoopers as the Company's independent registered
public accountant for 2022; and endorsed the compensation of the
Company's named executive officers. No other proposals were
voted upon.
FOR MORE INFORMATION: Visit Leggett's website at
www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a
diversified manufacturer that designs and produces a broad variety
of engineered components and products that can be found in most
homes and automobiles. The 139-year-old Company is comprised of 15
business units, approximately 20,000 employees, and 130
manufacturing facilities located in 17 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; and g) bedding industry
machinery.
CONTACT: Investor Relations,
(417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice
President of Investor Relations
Cassie J. Branscum, Senior Director
of Investor Relations
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SOURCE Leggett & Platt