Why Leggett & Platt is a Top 25 SAFE Dividend Stock (LEG)
Tue, Nov 14, 8:14 AM ET, by ETF Channel
Leggett & 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 3.1% 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 1.22% of the SPDR S&P Dividend ETF (SDY), which holds $193,735,346 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 $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/14/2017. 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 Tempur Sealy International, Inc. (TPX), and American Woodmark Corp. (AMWD).
Read the original article at ETF Channel: Why Leggett & Platt is a Top 25 SAFE Dividend Stock (LEG)
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