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Leggett & Platt (Leggett & Platt) 3-Year Dividend Growth Rate

: 4.40% (As of Dec. 2023)
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Leggett & Platt's Dividends per Share for the three months ended in Dec. 2023 was $0.46.

The historical rank and industry rank for Leggett & Platt's 3-Year Dividend Growth Rate or its related term are showing as below:

LEG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 3.2   Med: 8.7   Max: 24
Current: 4.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Leggett & Platt was 24.00% per year. The lowest was 3.20% per year. And the median was 8.70% per year.

LEG's 3-Year Dividend Growth Rate is ranked worse than
57.96% of 157 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 6.7 vs LEG: 4.40

During the past 12 months, Leggett & Platt's average Dividends Per Share Growth Rate was 4.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Leggett & Platt's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.77. As of today, Leggett & Platt's Dividend Yield % is 10.40%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Leggett & Platt Inc is 1.31, which seems too high.

Good Sign:

Leggett & Platt Inc stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Leggett & Platt 3-Year Dividend Growth Rate Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's 3-Year Dividend Growth Rate falls into.



Leggett & Platt 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Leggett & Platt  (NYSE:LEG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Leggett & Platt's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.46/ 0.26
=1.77

During the past 13 years, the highest Dividend Payout Ratio of Leggett & Platt was 1.31. The lowest was 0.55. And the median was 0.68.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Leggett & Platt Inc is 1.31, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Leggett & Platt Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4602024-03-142024-03-152024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-12-142023-12-152024-01-12Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-09-142023-09-152023-10-13Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-06-142023-06-152023-07-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Leggett & Platt's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.84/17.68
=10.41 %

Current Share Price is $17.68.
Leggett & Platt's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.84.

During the past 13 years, the highest Dividend Yield of Leggett & Platt was 10.64%. The lowest was 2.43%. And the median was 3.55%.

Good Sign:

Leggett & Platt Inc stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Leggett & Platt 3-Year Dividend Growth Rate Related Terms>


Leggett & Platt (Leggett & Platt) Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.
Executives
Ryan Michael Kleiboeker officer: SVP-Chief Strategic Plan. Off. NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Phoebe A Wood director PO BOX 1080, LOUISVILLE KY 40201
Scott S Douglas officer: SVP-Gen. Counsel and Secretary NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Karl G Glassman director, officer: Executive Vice President LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Benjamin Michael Burns officer: SVP-Business Support Services NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
James Tyson Hagale officer: SVP, Pres. - Bedding Products NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Christina Ptasinski officer: SVP - Chief HR Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff director, officer: President and COO NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson officer: Executive Vice President NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Tammy M Trent officer: SVP - Chief Accounting Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Jeffrey L. Tate officer: Executive Vice President - CFO 2211 H.H. DOW WAY, MIDLAND MI 48674
Susan R Mccoy officer: SVP - Investor Relations NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Judy C Odom director 2140 MERRITT DRIVE, GARLAND TX 75401
Maryelizabeth R Campbell director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836

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