LEG dividend – Leggett & Platt Set to Keep Growing: 50 Consecutive Years of Increasing Dividends Sets Company Up for Future Success.
January 17, 2023
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Leggett & Platt ($NYSE:LEG), Incorporated is an industry leader when it comes to providing a reliable and steady dividend. The company has enjoyed a streak of 50 consecutive years of increasing their annual dividend, a feat achieved by few and it has earned them a spot among the exclusive Dividend Kings. This reliability has been a major draw for investors who appreciate the high-interest rate and steady income. The company’s revenue growth has been stable in recent years and even though the third quarter saw a slight decrease, the company remains well positioned for future success. The company has also been able to expand its operations into new markets through strategic partnerships, which has helped diversify their revenue streams. Leggett & Platt’s core products are still mostly focused on bedding and furniture, but they have also been able to expand their reach into other industries, such as automotive and industrial products.
The company’s investments in research and development have also allowed them to remain competitive and stay ahead of the curve. This investment in innovation should continue to pay off into the future and will help ensure the company’s success. The future of Leggett & Platt looks promising, as the company is well positioned to keep growing and expanding its operations. Their reliable track record of dividend increases, coupled with their commitment to innovation, makes them a solid investment option for those looking to get reliable returns.
Dividends – LEG dividend
As of September 30, 2022, they issued a dividend per share of 1.72 USD for FY2022 Q3, compared to dividends of 1.66 USD and 1.6 USD issued in the last two years. Its dividend yields from 2020 to 2022 are 4.15%, 3.54%, and 4.36%, respectively, which gives a three-year average dividend yield of 4.02%. If you are looking for a dividend stock, Leggett & Platt might be worth considering. With its strong dividend payments, the company has been consistently rewarding its shareholders with attractive returns for over five decades. In addition to that, the company has reported steady earnings growth and continues to expand its product portfolio and offerings. This has enabled it to remain competitive in the market and stay ahead of its competitors.
Leggett & Platt is also well positioned to benefit from the current market trend of increased consumer spending. This is due to its diverse range of products and services, which appeal to various consumer needs. As a result, the company is expected to keep growing in the future, even as the market continues to evolve and change. Overall, Leggett & Platt appears to be an attractive choice for investors who seek both capital appreciation and dividend income. With its solid performance over the years and its commitment to providing reliable returns, this company is well positioned for future success.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LEG. More…
| Total Revenues | Net Income | Net Margin |
| 5.28k | 362.5 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LEG. More…
| Operations | Investing | Financing |
| 385.2 | -162.3 | -232.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LEG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.18k | 3.61k | 12.17 |
Key Ratios Snapshot
Some of the financial key ratios for LEG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 4.9% | 10.3% |
| FCF Margin | ROE | ROA |
| 5.5% | 21.2% | 6.6% |
Share Price
At the time of writing, news for the company is mostly positive. On Wednesday, LEGGETT & PLATT stock opened at $34.5 and closed at $35.1, up by 2.2% from last closing price of 34.4. This shows the company’s commitment to increasing shareholder value, as well as its resilience in the face of economic uncertainty. The company has a strong balance sheet with approximately $1 billion in cash and no debt, setting it up for future success. Live Quote…
VI Analysis
This rating is based on the company’s fundamentals and its long-term potential. It looks at various financial and business aspects of the company to provide investors with an idea of the risk involved in investing. The VI app can be used to analyze these areas and identify any potential risks that could impact the company’s performance. The app evaluates the company’s debt, liquidity, profitability, and capital structure to assess the overall risk associated with it. It also looks at the company’s management, product portfolio, and competitive advantages to determine if there are any areas of potential concern. Finally, the app also looks at the company’s market position and industry trends to gauge its ability to stay competitive. By using the VI app, investors can get a better understanding of the financial and business aspects of Leggett & Platt, which can help them make informed decisions about investing in the company. The app also provides access to real-time news and analysis of the company’s performance, which can be used to make informed investment decisions. With all this information readily available, investors can make an informed decision about investing in Leggett & Platt and identify any potential risks that could impact their investments. More…
VI Peers
The company operates in 19 countries and sells its products to customers in more than 130 countries. Leggett & Platt is a publicly traded company with annual sales of more than $4 billion. The company has more than 30,000 employees. Leggett & Platt’s primary competitors are John Lewis of Hungerford PLC, Savimex Corp, and Fabryki Mebli Forte SA. Leggett & Platt has a competitive advantage over its competitors because of its size, diversification, and global reach. The company is also well-positioned to benefit from trends such as the increasing popularity of adjustable beds and the growing demand for automotive seating products.
– John Lewis of Hungerford PLC ($LSE:JLH)
Lewis of Hungerford PLC is a company that manufactures and sells kitchen furnishings. As of 2022, it has a market capitalization of 2.61 million GBP and a return on equity of 35.66%. The company was founded in 1876 and is headquartered in Hungerford, United Kingdom.
– Savimex Corp ($HOSE:SAV)
Fabryki Mebli Forte SA is a Polish furniture manufacturer that produces a wide variety of furniture for both home and office settings. The company has a market capitalization of 445.11M as of 2022 and a return on equity of 10.25%. Founded in 1992, Fabryki Mebli Forte SA has grown to become one of the leading furniture manufacturers in Poland. The company offers a wide range of furniture products including bedroom sets, living room sets, office furniture, and more. Fabryki Mebli Forte SA is dedicated to providing high-quality furniture at affordable prices.
Summary
Leggett & Platt has been a strong investment for the past 50 years, with a consistent record of dividend increases. The company has a solid financial position and the prospects for future growth are excellent. Investors can expect continued dividend increases, along with the potential for capital gains due to the company’s strong fundamentals. Leggett & Platt has a long history of success and is well positioned to continue its growth in the coming years.
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