Leggett & Platt, Inc. a Top Ranked SAFE Dividend Stock With 4.4% Yield (LEG)
ETF Channel Staff - Thursday, December 13, 10:31 AMLeggett & Platt, Inc. (LEG) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Leggett & Platt, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 2.34% of the SPDR S&P Dividend ETF (SDY), which holds $217,544,904 worth of LEG shares.
Leggett & Platt, Inc. (LEG) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Leggett & Platt, Inc. is $1.16/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/06/2012. Below is a long-term dividend history chart for LEG, which the report stressed as being of key importance.
LEG operates in the Home Furnishings & Furniture sector, among companies like Mohawk Industries, Inc. (MHK), and Tempur-Pedic International Inc (TPX).