Stock Highlights: Leggett & Platt, Inc. (NYSE:LEG)
Shares of Leggett & Platt, Inc. (NYSE:LEG) ended Monday session in green amid volatile trading. The shares closed up +0.45 points or 0.94% at $48.49 with 507,295.00 shares getting traded. Post opening the session at $48.22, the shares hit an intraday low of $48.22 and an intraday high of $48.52 and the price vacillated in this range throughout the day. The company has a market cap of $6.53 billion and the numbers of outstanding shares have been calculated to be 133.68 million shares.
Leggett & Platt, Inc. (LEG) announced that its Board of Directors declared a dividend of $.34 per share for the fourth quarter. The dividend will be paid on January 13, 2017 to shareholders of record on December 15, 2016.
At an annual indicated dividend of $1.36 per share, the stock’s dividend yield is 3.0%, based upon yesterday’s closing stock price of $45.72 per share.
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products. The Residential Furnishings segment offers innersprings, wire forms, and machines to shape wire; steel mechanisms and hardware, and springs and seat suspensions; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding and upholstered furniture; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components The Commercial Products segment provides bases, columns, back rests, casters, and frames for office chairs and control devices; private-label finished furniture; beds and bed frames; and adjustable beds. It serves office, institutional, and commercial furniture manufacturers; and mattress manufacturers and retailers. The Industrial Materials segment offers drawn wires, fabricated wire products, and steel rods. It serves bedding producers, mechanical spring manufacturers, and waste recyclers and waste removal businesses. The Specialized Products segment provides mechanical and pneumatic lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors and actuators; titanium, nickel, and stainless steel tubing and sub-assemblies; quilting machines; industrial sewing/finishing machines; van interiors; and computer docking stations. It serves automobile seating manufacturers; aerospace suppliers and OEMs; bedding manufacturers; and telecommunication, cable, home service, and delivery companies. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.