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CARTHAGE, Mo., Nov 05, 2009 /PRNewswire-FirstCall via COMTEX/ -- -- 4Q dividend is $.26 per share, an increase of 4% versus 4Q 2008.
-- Indicated dividend yield is 5.4% (based on yesterday's $19.29 closing stock price).
-- Dividends have increased for 38 consecutive years, at a 14% compound annual growth rate.
Leggett & Platt's Board of Directors announced a dividend of $.26 per share for the fourth quarter. The dividend will be paid on January 15, 2010 to shareholders of record on December 15, 2009.
Leggett has increased its annual dividend for 38 consecutive years, at an average compound growth rate of 14%. The company knows of no other S&P 500 company that has achieved as long a string of consecutive annual dividend increases at the growth rate Leggett has sustained.
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a FORTUNE 500 diversified manufacturer that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 126-year-old firm is comprised of 19 business units, 19,000 employee-partners, and more than 160 manufacturing facilities located in 18 countries.
Leggett & Platt is North America's leading independent manufacturer of: a) components for residential furniture and bedding; b) components for office furniture; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) adjustable beds; and g) bedding industry machinery for wire forming, sewing and quilting.
CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Vice President of Strategy and Investor Relations
Susan R. McCoy, Director of Investor Relations SOURCE Leggett & Platt URL: http://www.leggett.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved -0- KEYWORD: Missouri INDUSTRY KEYWORD: CST
REA SUBJECT CODE: DIV
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