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

Leggett & Platt, Incorporated (NYSE:LEG) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Monday, December 15th will be given a dividend of 0.05 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, December 15th.

Leggett & Platt has decreased its dividend by an average of 0.2%per year over the last three years. Leggett & Platt has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.6%

NYSE:LEG traded down $0.06 during midday trading on Friday, reaching $8.67. 344,759 shares of the stock traded hands, compared to its average volume of 2,284,909. Leggett & Platt has a 12-month low of $6.47 and a 12-month high of $13.20. The business has a 50-day moving average of $9.22 and a two-hundred day moving average of $9.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.36 and a current ratio of 2.15. The stock has a market capitalization of $1.17 billion, a PE ratio of 5.39 and a beta of 0.74.

Leggett & Platt (NYSE:LEG) last released its earnings results on Monday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a net margin of 5.38% and a return on equity of 16.27%. Leggett & Platt’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. On average, equities analysts forecast that Leggett & Platt will post 1.14 earnings per share for the current fiscal year.

About Leggett & Platt

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.