CARTHAGE, MO - Leggett & Platt Incorporated (NYSE: NYSE:LEG), a diversified manufacturer of engineered components and products, has announced an increase in its quarterly dividend. The Board of Directors declared a dividend of $.46 per share for the first quarter, marking a 4.5% increase from the first quarter of 2023.
This enhanced dividend is scheduled to be paid on April 15, 2024, to shareholders who are on record as of March 15, 2024. The announcement reflects a $.02 rise per share compared to the same period last year.
Leggett & Platt has a history spanning 141 years and is recognized as a leading provider in several industries. Its product range extends from bedding components and automotive seat systems to home furniture components and aerospace tubing. The company's diverse offerings are integral to various everyday applications in homes and vehicles.
Leggett & Platt's decision to raise its dividend comes amidst its efforts to maintain a solid financial foundation and continue its long-standing practice of sharing profits with shareholders.
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