(From Leggett & Platt)Leggett & Platt's Board of Directors announced a dividend of $.44 per share for the first quarter, an increase of $.02 per share or 4.8% versus the first quarter of 2022. The dividend will be paid on April 14, 2023 to shareholders of record on March 15, 2023.
At an annual indicated dividend of $1.76 per share, the yield is 5.2%, based upon yesterday's closing stock price of $34.02 per share. Leggett & Platt has increased its annual dividend for 51 consecutive years and possesses one of the highest yields among the Dividend Kings.
What's next?
ReplyDeleteA few mistakes or adverse events, the stock price goes down to $3.40 per share, AND THEN THEY CAN BE THE ROYAL FLUSH OF DIVIDENDS?!
All good until it isn't!