Leggett & Platt Announces Quarterly Dividend Of $.34

CARTHAGE, Mo., Feb. 21, 2017 /PRNewswire/ --

• First quarter dividend is $.34 per share, an increase of 6.3% versus 1Q 2016
• Indicated dividend yield is 2.8%
• Annual dividends have increased for 46 consecutive years

Leggett & Platt's Board of Directors announced a first quarter dividend of $.34 per share, an increase of $.02 per share or 6.3% versus the first quarter of 2016.  The dividend will be paid on April 13, 2017 to shareholders of record on March 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 $1.36 per share, the dividend yield is 2.8% based on Friday's closing stock price of $48.62 per share.  Accordingly, Leggett & Platt possesses one of the highest dividend yields among the S&P 500 Dividend Aristocrats.

FOR MORE INFORMATION:   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) components for bedding; b) components for residential furniture; c) carpet cushion; d) adjustable bed bases; e) work furniture and components; f) high-carbon drawn steel wire; g) automotive seat support & lumbar systems; and h) 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