Leggett & Platt announces dividend, elects board members

Leggett & Platt announced a dividend for stockholders and elected new board members at its annual shareholder meeting Thursday in Carthage.

The Carthage-based manufacturer announced an annual dividend of 26 cents per share, payable July 15 to shareholders of record June 15. According to a company news release, the annual dividend has increased for the last 39 years.

The company also announced the election of two new board members. Ace Hardware Corp. CEO and President Ray A. Griffith and Leggett Chief Financial Officer Matthew C. Flanigan joined the board.

Griffith, 56, has been president and CEO of Ace, the nation's largest hardware cooperative, since 2005, according to the release. He has been with the company since 1994, having previously served as vice president of retail. He has a marketing and finance degree from Southern Illinois University.

Flanigan, 48, has been Leggett's CFO and senior vice president since 2005. He joined the company in 1997 and has served as vice president and president of the Office Furniture Components Group. He has a degree in finance and business from the University of Missouri.[[In-content Ad]]