Leggett & Platt, Incorporated (LEG) To Go Ex-Dividend on June 15th

Leggett & Platt, Incorporated (NYSE:LEG) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th.

Leggett & Platt has decreased its dividend payment by an average of 0.3%per year over the last three years. Leggett & Platt has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Leggett & Platt to earn $1.03 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 19.4%.

Leggett & Platt Price Performance

Shares of NYSE LEG opened at $10.58 on Friday. The stock’s 50-day moving average is $10.38 and its two-hundred day moving average is $10.98. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 6.57 and a beta of 0.74. Leggett & Platt has a 1-year low of $7.86 and a 1-year high of $13.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.33 and a quick ratio of 1.45.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11). The business had revenue of $918.20 million for the quarter, compared to analyst estimates of $946.79 million. Leggett & Platt had a return on equity of 12.62% and a net margin of 5.69%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. Analysts forecast that Leggett & Platt will post 0.9 EPS for the current fiscal year.

Leggett & Platt Company Profile

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.