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Leggett & Platt: The Dividend King Has Risen

May 05, 2021 9:13 PM ETLeggett & Platt, Incorporated (LEG)6 Comments


  • Leggett & Platt just posted strong results and raised its dividend for the 50th consecutive year.
  • It should continue to benefit from the stay-at-home environment, has a healthy backlog, and could benefit from the favorable trade ruling.
  • I also highlight the balance sheet, valuation, and other points worth considering.

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Photo by Denis_Vermenko/iStock via Getty Images

“Sell first and ask questions later” may be a good strategy for speculative names, but not necessarily for Dividend Kings like Leggett & Platt (NYSE:LEG). Those who held onto LEG over the

This article was written by

Gen Alpha profile picture

I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

I provide high-yield, dividend growth investment ideas in the investing group Hoya Capital Income Builder. The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%. Learn more.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (6)

craftbrewinfo profile picture
Back on my radar today . I believe I sold early last year because of the debt levels, but the debt looks good, and the payout ration dropped nearly 10 points. Indicative of LEG's strong balance sheet. Still undervalued-fairly valued after a big run up last year. On the watch list for further research and possible addition to the portfolio
Steady Income profile picture
Thanks for your encouraging article. LEG at $37.87 is almost three percent of the original investment in my IRA, and I'm very pleased to own it.
Gen Alpha profile picture
@Steady Income you're welcome. I'm glad you enjoyed the piece. Good investing to you!
I hit my first LEG 1x SP, today. It's safely tucked into my brokerage account, and not moving anywhere, anytime soon. TY for the write up @Gen Alpha
josephaoppenheim profile picture
LEG is 3.8% of my 21 stock portfolio and I’ll never sell as long as it remains a Dividend King.

I love Dividend Kings since they’ve seen several recessions and kept on annually raising their dividends. LEG could have raised the dividend less than a nice 5% and still be a Dividend King, so, that shows me that it sees clear sailing ahead.
amegalo profile picture
I knew it was coming. Everyone around here is buying mattresses and furniture .
I’ll be long LEG for a long time..
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