Leggett & Platt, Incorporated (LEG) to Issue Quarterly Dividend of $0.05 on July 15th

Leggett & Platt, Incorporated (NYSE:LEG) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th.

Leggett & Platt has decreased its dividend payment by an average of 0.3%per year over the last three years. Leggett & Platt has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Leggett & Platt to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 19.4%.

Leggett & Platt Stock Down 0.3%

Shares of NYSE LEG opened at $10.01 on Friday. Leggett & Platt has a 52-week low of $7.86 and a 52-week high of $13.00. The firm has a fifty day moving average of $10.31 and a 200-day moving average of $10.84. The stock has a market capitalization of $1.36 billion, a PE ratio of 6.21 and a beta of 0.75. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11). Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. The company had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $946.79 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts anticipate that Leggett & Platt will post 0.9 EPS for the current year.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.