Leggett & Platt Announces First Quarter Dividend

CARTHAGE, Mo., Feb. 24, 2011 /PRNewswire/ --

• 1Q dividend is $.27 per share, an increase of 3.8% versus 1Q 2010.
• Indicated dividend yield is 4.8% (based on yesterday's $22.37 closing stock price).
• Dividends have increased for 40 consecutive years, at a 14% compound annual growth rate.

Leggett & Platt's Board of Directors announced a dividend of $.27 per share for the first quarter, a 3.8% increase versus the dividend declared in the first quarter of 2010.  The dividend will be paid on April 15, 2011 to shareholders of record on March 15, 2011.

Leggett has increased its annual dividend for 40 consecutive years, at an average compound growth rate of 14%.  A member of Standard & Poor's Dividend Aristocrats, Leggett & Platt knows of only one other S&P 500 company that has achieved as long a string of consecutive annual dividend increases at the growth rate Leggett has sustained.

FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer (and member of the S&P 500) that conceives, designs and produces a broad variety of engineered components and products that can be found in most homes, offices, and automobiles. The company serves a broad suite of customers that comprise a "Who's Who" of U.S. manufacturers and retailers. The 128-year-old firm is comprised of 19 business units, 19,000 employee-partners, and 140 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading U.S. manufacturer of: a) components for residential furniture and bedding; b) office furniture components; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) power foundations; g) bedding industry machinery.

SOURCE Leggett & Platt

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