Better Days Ahead For Dividend Champion Leggett & Platt
By Dividendinvestr:When it comes to increasing shareholder value through consistent dividend increases, no other company can beat the dividend champion Leggett & Platt (LEG). This maker of home, office, and commercial furniture and furnishings has been paying dividends since 1939. Even during times of weak profitability, Leggett & Platt was able not only to maintain its dividend, but also to boost it when most other companies were looking for ways to preserve cash in order to secure their financial well-being. In recent years, the dire conditions in the residential and commercial real estate markets depressed sales of furniture and home furnishings. However, the latest indicators point at a nascent recovery in the home and office markets, signaling better days for Leggett & Platt.Because of a challenging operating environment, Leggett & Platt's revenues declined between 2007 and 2009. Over the same period, the company's earnings were subpar, including a year inComplete Story »
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