Leggett & Platt Announces Quarterly Dividend Of $.36

CARTHAGE, Mo., Feb. 21, 2018 /PRNewswire/ --

• First quarter dividend is $.36 per share, an increase of 5.9% versus 1Q 2017
• Indicated dividend yield is 3.2%
• Annual dividends have increased for 47 consecutive years

Leggett & Platt's Board of Directors announced a first quarter dividend of $.36 per share, an increase of $.02 per share or 5.9% versus the first quarter of 2017.  The dividend will be paid on April 13, 2018 to shareholders of record on March 15, 2018. 

A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 47 consecutive years. At an annual indicated dividend of $1.44 per share, the dividend yield is 3.2% based on yesterday's closing stock price of $44.37 per share.  Accordingly, Leggett & Platt possesses one of the highest 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 135 year-old diversified manufacturer that designs and produces engineered products found in most homes and automobiles. The company is comprised of 14 business units, 22,000 employee-partners, and 120 manufacturing facilities located in 18 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
Cassie J. Branscum, Manager of Investor Relations

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SOURCE Leggett & Platt