Leggett & Platt Announces Dividend and New Board Member
Carthage, Mo. -- Leggett & Platt's board of directors announced a dividend of $.40 per share for the fourth quarter, an increase of $.02 per share or 5.3% vs. the fourth quarter of 2018. The dividend will be paid on Jan. 15, 2020, to shareholders of record on Dec. 13, 2019. At an annual indicated dividend of $1.60 per share, the yield is 3.0%, based upon the closing stock price of $52.47 per share on Nov. 4, 2019.
In addition, Leggett & Platt announced the election of Mary Campbell to its board of directors effective immediately. Campbell serves as chief merchandising officer of Qurate Retail Group and chief commerce officer of QVC U.S. Qurate Retail Group is comprised of eight leading retail brands including QVC, HSN and Zulily, and is the leader in video commerce, a top-10 ecommerce retailer, and a leader in mobile and social commerce. In her 20 years at QVC/Qurate Retail Group, Campbell has held various executive and C-suite positions. Campbell currently serves as a director of the Accessories Council, a not-for-profit, international trade organization.
"Mary brings extensive knowledge in consumer insight, consumer-driven product innovation, and direct to consumer fulfillment and distribution across multi-billion dollar businesses," said Ted Enloe, board chair. "We are very pleased to have her join our Board."
Campbell was identified through a national search that was conducted by Diversified Search.
For more information, visit www.leggett.com.