2024-04-20 01:52:58 ET
Summary
- Leggett & Platt offers a tempting 10.24% dividend yield, but its core bedding segment is facing stiff competition and cost disadvantages.
- The company's diversified product portfolio and Dividend King status provide some appeal, but its heavy debt load and limited cash flow raise concerns.
- A potential housing market recovery and a restructuring plan offer hope, but rising interest rates could jeopardize future dividend increases.
Introduction
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Dividend King On A Tightrope: Leggett & Platt's Fight To Maintain Its Status