Leggett & Platt Announces Increase to Third Quarter Dividend

CARTHAGE, Mo., Aug. 4 /PRNewswire-FirstCall/ --

• Increased 3Q dividend by 3.8%, to $.27 per share.
• Indicated dividend yield is 5.2%.
• Annual dividends have increased for 39 consecutive years, at a 14% compound growth rate.

Leggett & Platt's Board of Directors announced today that they are raising the company's quarterly dividend by one cent per share, or 3.8%, to $.27 per share for the third quarter. The dividend will be paid on October 15, 2010 to shareholders of record on September 15, 2010.

At an annual indicated dividend of $1.08 per share, the yield is 5.2%, based upon yesterday's closing stock price of $20.88 per share.

The company knows of no other S&P 500 company that has achieved as long a string of 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) components for office furniture; 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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