LEG stock dividend – Leggett & Platt Announces 0.46 Cash Dividend

🌥️Dividends Yield

On June 8 2023, Leggett & Platt ($NYSE:LEG) Inc. announced a 0.46 cash dividend, continuing its streak of issuing annual dividend per share for the past three years. The dividend yield is estimated to be 4.78%, 4.67%, and 3.54% from 2021 to 2023 respectively with an average yield of 4.33%. Ex-dividend date for the dividend is set to be June 14 2023. With a solid track record of issuing dividends and an attractive yield, LEGGETT & PLATT could be a good addition to your portfolio.

Stock Price

The stock opened at $32.7 and closed at $32.2, down 1.6% from the previous closing price of 32.7. This dividend is part of Leggett & Platt’s long-term strategy to reward shareholders and further diversify their investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for LEG. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for LEG. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for LEG. More…

Key Ratios Snapshot

Some of the financial key ratios for LEG are shown below. More…

Analysis

At GoodWhale, we’ve performed an analysis of Leggett & Platt’s fundamentals and have determined that it is a low risk investment across both financial and business aspects. When evaluating these factors, we found that Leggett & Platt has a strong balance sheet, a healthy free cash flow, and low debt-to-assets ratios. The positive metrics that our team found when evaluating Leggett & Platt indicate that the company has strong fundamentals and a solid history of fiscal responsibility. We recommend Leggett & Platt to those looking for a low risk investment. Those interested can become registered users on our platform to check out the specific business and financial areas where Leggett & Platt may have potential risks. More…

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

Investors interested in LEggett & Platt Incorporated may be pleased to know that the company has consistently paid dividends over the past 3 years. For 2021, 2022, and 2023, the dividend yield is estimated to be 4.78%, 4.67%, and 3.54% respectively. The average yield is 4.33% and the ex-dividend date is June 14, 2023. While investing in this company may offer a steady income stream, investors should carefully consider the current market conditions and their individual risk profile before making an investment decision.