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

Leggett & Platt, Incorporated (NYSE:LEG) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th.

Leggett & Platt has decreased its dividend payment by an average of 0.3%annually over the last three years. Leggett & Platt has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Leggett & Platt to earn $1.06 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 18.9%.

Leggett & Platt Stock Up 2.5%

LEG stock opened at $10.03 on Friday. Leggett & Platt has a one year low of $7.86 and a one year high of $13.00. The stock has a market capitalization of $1.37 billion, a PE ratio of 6.23 and a beta of 0.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.45 and a current ratio of 2.33. The company has a fifty day moving average of $10.32 and a 200-day moving average of $10.85.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $918.20 million during 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 firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. As a group, analysts expect that Leggett & Platt will post 0.9 EPS for the current year.

Trending Headlines about Leggett & Platt

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Leggett & Platt declared a second-quarter dividend of $0.05 per share, reinforcing its cash-return profile for shareholders. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
• Neutral Sentiment: The annual meeting voting was aligned with the board’s recommendations, signaling no major governance surprises. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
• Negative Sentiment: Zacks Research lowered FY2026 EPS estimates to $0.96 from $1.07 and kept a Strong Sell rating, adding pressure to the stock. MarketBeat LEG research coverage
• Negative Sentiment: The firm also cut FY2027 EPS estimates to $1.07 from $1.18 and trimmed multiple quarterly forecasts for 2026-2028, pointing to a softer earnings outlook. MarketBeat LEG research coverage

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.