Carthage-based Fortune 500 company Leggett & Platt declared a quarterly dividend of 16 cents per share today, according to a company press release. The dividend is a 6.7 percent increase over last year's third quarter dividend of 15 cents per share. It will be paid Oct. 14 to shareholders of record as of Sept. 15.
The news release noted that the company's dividends have increased annually for 34 straight years. "Leggett knows of only one Fortune 500 company with a longer string of consecutive annual increases and a higher compound growth rate," the release said.
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