LEGGETT & PLATT ANNOUNCES DIVIDEND INCREASE AND ANNUAL MEETING RESULTS
PR Newswire
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
SOURCE Leggett & Platt