Business News

Leggett Declares Fourth Quarter Dividend

Friday 07. November 2008 - -- 4Q dividend is $.25 per share. -- Full year 2008 declared dividends are $1.00 per share, 28% higher than in 2007. -- Dividend yield is approximately 5.9% (based on $17 stock price). -- 37 consecutive annual dividend increases, averaging over 14% compound annual growth.

Leggett & Platt’s Board of Directors announced a dividend of $.25 per share for the fourth quarter. The dividend will be paid on January 15, 2009 to shareholders of record on December 15, 2008.

Leggett’s declared dividends for 2008 sum to $1.00 per share, compared to declared dividends of $.78 in 2007. This represents an increase in annual dividends of 28.2%.

2008 marks the 37th consecutive year Leggett has increased its annual dividend, achieving an average compound growth rate of over 14%. Only one other S&P 500 company has achieved as long a string of consecutive annual dividend increases at the growth rate Leggett has sustained.