Leggett & Platt, Incorporated (NYSE:LEG) Declares Quarterly Dividend of $0.05

Leggett & Platt, Incorporated (NYSE:LEG) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be given a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 13th.

Leggett & Platt has decreased its dividend by an average of 0.3%annually over the last three years. Leggett & Platt has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Leggett & Platt to earn $1.24 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 16.1%.

Leggett & Platt Price Performance

Shares of LEG traded down $0.27 during mid-day trading on Friday, hitting $11.57. 341,478 shares of the stock were exchanged, compared to its average volume of 1,732,492. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 2.25. The company has a market cap of $1.57 billion, a PE ratio of 6.83 and a beta of 0.72. Leggett & Platt has a 52-week low of $6.47 and a 52-week high of $13.00. The firm has a 50-day moving average of $11.85 and a two-hundred day moving average of $10.36.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Leggett & Platt had a net margin of 5.80% and a return on equity of 15.00%. The company had revenue of $938.60 million for the quarter, compared to the consensus estimate of $938.74 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Leggett & Platt’s revenue was down 11.2% on a year-over-year basis. On average, equities analysts predict that Leggett & Platt will post 1.14 earnings per share 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.