Leggett & Platt said on May 4, 2023 that its board of directors declared regular quarterly dividend $0.46 per share ($1.84 annualized). Previously, the company paid $0.44 per share.
The shares must have been purchased before the ex-split date of June 14, 2023, to qualify for the dividend. Shareholders of record as of June 15, 2023 will receive the payment on July 14, 2023.
At the current share price of $32.54/share, the stock’s dividend yield is 5.65%.
Looking back five years and taking one sample each week, the average dividend yield has been 4.09%, with a low of 2.90%, and a high of 7.12%. The standard deviation of the yield is 0.75 (n=236).
The current dividend yield is 2.08 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 0.86. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.10%, indicating that it has increased its dividend over time.
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What is Fund Sentiment?
there are Reporting of 721 fund or institution positions In Leggett & Platt. This is a decrease of 12 owners or 1.64% from the previous quarter. average portfolio weight of all funds 0.18% dedicated to LEG, an increase of 21.36%. Total shares owned by institutions increased by 0.95% to 101,675K shares in the last three months. put/call ratio The LB is at 0.37, which shows a bullish outlook.
Analyst Price Forecast Indicates 5.96% Downside
By April 23, 2023, average one year price target 30.60 for Leggett and Platt. Forecasts range from a low of $21.21 to a high of $36.75. The average price target shows an impairment of 5.96% from its latest informed closing price of ₹32.54.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Leggett & Platt is 5,184MM, an increase of 2.90%. Estimated Annual Non-GAAP eps is 2.24.
What are the other shareholders doing?
SDY – SPDR(R) S&P(R) Dividend ETF The company holds 11,370K shares representing 8.54% ownership. In its prior filing, the firm reported representing 10,169K shares. a hike of 10.57%. Firm fell short of Its portfolio allocation in LB is up 6.98% over the previous quarter.
Charles Schwab Investment Management The company holds 5,661K shares representing 4.25% ownership. In its prior filing, the firm reported representing 5,366K shares. a hike of 5.22%. Firm fell short of Its portfolio allocation in LEG has increased by 10.07% as compared to the previous quarter.
IJH – iShares Core S&P Mid-Cap ETF The company holds 4,094K shares representing 3.08% ownership. In its prior filing, the firm reported representing 3,875K shares. a hike of 5.34%. Firm fell short of Its portfolio allocation in LB has increased by 10.54% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares The company holds 4,018K shares representing 3.02% ownership. In its prior filing, the firm reported representing 3,913K shares. a hike of 2.60%. Firm fell short of Its portfolio allocation in LEG has increased by 8.01% as compared to the previous quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares The company holds 3,415K shares representing 2.57% ownership. In its prior filing, the firm reported representing 3,367K shares. a hike of 1.41%. Firm fell short of Its portfolio allocation in LB is up 8.90% over the previous quarter.
Leggett and Platt Background Information
(This description is provided by the company.)
Leggett & Platt is an American diversified manufacturer that designs and produces a variety of engineered components and products that can be found in homes and automobiles. The company offers steel rods, draw wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment. Is. As well as machines producing innersprings for industrial users of steel rods and wires, manufacturers of finished beds, big box and e-commerce retailers, bedding brands and mattress retailers, department stores and home improvement centers.
This story originally appeared on fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
