Leggett & Platt Announces Fourth Quarter Dividend

CARTHAGE, Mo., Nov. 11, 2010 /PRNewswire-FirstCall/ --

• 4Q dividend is $.27 per share, an increase of 3.8% versus 4Q 2009.
• Indicated dividend yield is 5.3% (based on yesterday's $20.39 closing stock price).
• Annual dividends have increased for 39 consecutive years, at a 14% compound growth rate.

Leggett & Platt's Board of Directors announced a dividend of $.27 per share for the fourth quarter, a 3.8% increase versus the dividend declared in the fourth quarter 2009.  The dividend will be paid on January 14, 2011 to shareholders of record on December 15, 2010.

The company knows of only one other member of the S&P 500 that has achieved 39 consecutive annual dividend increases at a 14% compound annual growth rate.  

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 127-year-old firm is comprised of 19 business units, 20,000 employee-partners, and more than 140 manufacturing facilities located in 18 countries.

Leggett & Platt is the leading independent 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; and g) bedding industry machinery.

SOURCE Leggett & Platt

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