Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

Leggett & Platt: A Conservative Housing And Dividend-Growth Stock

In terms of risk, Leggett & Platt (NYSE:LEG) has to be on the low end of the ladder. Leggett & Platt is a manufacturer of components for bedding and furniture, steel wire, tubing and various other diverse products. The company is a cash cow, with massive amounts of free cash flow, or FCF. Leggett & Platt has committed itself to returning capital to its shareholders via dividends and stock buybacks while also maintaining flat to 5% revenue and EPS growth. Leggett & Platt currently offers a $0.29 per share quarterly dividend and yields about 3.70%.

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Leggett & Platt is the leading US manufacturer of components for residential and office furniture, bedding components, bedding industry...

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