CARTHAGE, Mo., Aug. 7 /PRNewswire-FirstCall/ --
-- 3Q dividend is $.25 per share, 39% higher than the 3Q 2007 dividend of
$.18.
-- 37 consecutive annual dividend increases, averaging over 14% compound
annual growth.
37th Consecutive Year to Increase Dividend
Leggett & Platt's Board of Directors today declared a $.25 per share
dividend for the third quarter. This represents a 39% increase over last
year's second quarter dividend of $.18 per share. The dividend will be paid
on October 15, 2008 to shareholders of record on September 15, 2008.
Leggett has increased its annual dividend for 37 consecutive years, at a
compound annual growth rate of over 14%. Only one other S&P 500 company has
achieved as long a string of consecutive annual dividend increases at the
growth rate Leggett has sustained.
FOR MORE INFORMATION: Visit Leggett's website at http://www.leggett.com.
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a FORTUNE 500
diversified manufacturer that conceives, designs and produces a broad variety
of engineered components and products that can be found in virtually every
home, office, retail store, and automobile. The company serves a broad suite
of customers that comprise a 'Who's Who' of U.S. manufacturers and retailers.
The 125-year-old firm's continuing operations are composed of 21 business
units, 24,000 employee-partners, and more than 250 facilities located in 20
countries.
Leggett & Platt is North America's leading independent manufacturer of: a)
components for residential furniture and bedding; b) retail store fixtures and
point of purchase displays; c) components for office furniture; d) drawn steel
wire; e) automotive seat support and lumbar systems; f) carpet underlay; g)
adjustable beds; and h) bedding industry machinery for wire forming, sewing
and quilting.
CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
David M. DeSonier, Vice President of Strategy and Investor Relations
Susan R. McCoy, Director of Investor Relations
SOURCE Leggett & Platt
