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Leggett & Platt declares 17-cent dividend

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Leggett & Platt on Thursday announced a first-quarter dividend of 17 cents per share, a 6.3 percent increase from the 16 cents per share reported a year ago.

The dividend is payable April 13 to shareholders of record on March 15.

Leggett has increased its dividend annually for 36 years and has averaged 14 percent dividend growth in that period.

The Carthage-based company manufactures home and office furnishings, retail store displays, nonautomotive aluminum die castings, drawn steel wire, automotive seat systems, carpet underlay, and beds and bedding industry machinery. Shares (NYSE: LEG) closed Thursday at $24.18, compared to a 52-week range of $21.93 to $27.04.

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