From staff reports
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.