The Joplin Globe, Joplin, MO

Business

May 9, 2013

Leggett declares quarterly dividend

CARTHAGE, Mo. — The board of directors of Leggett & Platt has announced a dividend of 29 cents per share for the second quarter, a 3.6 percent increase versus the dividend declared in the second quarter of 2012.  

The dividend will be paid on July 15 to shareholders of record on June 14.

A member of Standard & Poor’s Dividend Aristocrats, Leggett & Platt has increased its annual dividend for 42 consecutive years at an average compound growth rate of more than 13 percent, a record only two other S&P 500 companies have attained.

The board also elected David Haffner as its chairman. Haffner has served Leggett & Platt as chief executive officer since 2006, and will continue in that capacity; he has been a director since 1995 and has held various management roles for three decades.

Haffner succeeds Richard Fisher, who was elected vice chairman and lead director. Fisher served as chairman for 2008-2013, as presiding director for 2003-2008, and joined the company’s board in 1972.

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