Dividend Growth of Leggett & Platt, Incorporated(LEG)

Leggett & Plattorporated(LEG) is having a Dividend Yield of 2.82% with the Annual cash Dividend per share of $1.34. The last quarter cash dividend per share pay out was $0.34. Leggett & Plattorporated has a 5 year average dividend yield of 3.53% and the stock has a Indicated annual dividend of $1.36. Leggett & Plattorporated(LEG) formally announced its most recent dividend on November 8, 2016 with a Dividend per share of $0.34. The new indicated annual dividend based on announced dividend per share is $1.36. The dividend yield based on the forward looking indicated annual dividend is 2.82%. Leggett & Plattorporated(LEG) has the most recent dividend payout ratio of 0.55 with a 5-year average payout ratio of 0.7. The 5 year historical dividend growth of Leggett & Plattorporated(LEG) is at the rate of 4.03% while the R-Squared dividend growth is 0.94. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Leggett & Platt, Incorporated (NYSE:LEG) rose 0.17% or 0.08 points on Thursday and made its way into the gainers of the day. After trading began at $48.39 the stock was seen hitting $48.59 as a peak level and $47.98 as the lowest level. The stock ended up at $48.34. The daily volume was measured at 777,219 shares. The 52-week high of the share price is $54.625 and the 52-week low is $42.27. The company has a market cap of $6,453 million. Leggett & Platt, Incorporated has dropped 1.27% in the last five trading days, however, the shares have posted positive gains of 1.88% in the last 4 weeks. Leggett & Platt, Incorporated has dropped 0.65% during the last 3-month period . Year-to-Date the stock performance stands at -1.1%.

Currently the company Insiders own 3.92% of Leggett & Platt, Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.19% . Institutional Investors own 69.01% of Leggett & Platt, Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -18.64%. Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Matthew C Flanigan (Executive Vice President – CFO) sold 25,000 shares at 48.61 per share price.On Feb 9, 2017, Karl G Glassman (President and CEO) sold 75,388 shares at 48.61 per share price.On Feb 8, 2017, David M Desonier (SVP – Strategy and IR) sold 6,490 shares at 48.69 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Leggett & Platt was Upgraded by Raymond James to Strong Buy on Feb 1, 2017.

Leggett & Platt Last issued its quarterly earnings results on Jan 30, 2017. The company reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.58. The company had revenue of $903.70 million for the quarter, compared to analysts expectations of $921.94 million. The companys revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Leggett & Platt, Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings, commercial furnishings, aluminum products, industrial materials, and specialized products. The company has facilities throughout North America and in numerous international locations. (Company Press Release)


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