Published Thu, 07 Feb 2019 22:11:12 -0500 on Seeking Alpha
Leggett & Platt (LEG) is an engineered products company that has recorded compelling growth in the past. Going forward its growth rates will most likely be less outstanding, but there is a good chance that the company will nevertheless generate attractive total returns through a combination of earnings growth, multiple expansion, and its dividend that offers an above-average dividend yield.
Leggett & Platt, which is a Dividend Aristocrat, looks like a suitable stock for those that seek an income investment as well as for those that want an investment that could generate above-average total returns over the coming years.
Leggett & Platt is an engineered products manufacturer that produces and sells products across different industries. Its portfolio includes furniture, bedding components, store fixtures, industrial products, etc.
Leggett & Platt, which was founded in 1883, has increased its dividend for almost 50 years in a row. The company, which employs more than 22,000 people, is headquartered in Carthage, MO, and is currently valued at $5.8 billion.
Recent Results and Outlook
Leggett & Platt has reported its fourth-quarter earnings results in early February. The company reported that its revenues rose by 6.7% year over year, to $1.05 billion. During all of 2018, Leggett & Platt's revenue growth was a bit stronger, as revenues rose 8% compared to fiscal 2017.
Leggett & Platt's revenue performance was positively... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
Older articles featuring Leggett Platt (LEG):The Retirees' Dividend Portfolio - John And Jane's July Taxable Account Update: Looking To The VIX Index
Lanny's July Dividend Income Summary
Bert's July Dividend Income Summary
The Most Undervalued And Overvalued Dividend Champions - August 2019
Your 57 S&P Dividend Aristocrats Sizzle For July/August Dog Days
The Retirees' Dividend Portfolio - John And Jane's June Taxable Account Update: The Danger Of Making Assumptions
Bunker Portfolio: A New Strategy And Our Latest Dividend Aristocrat
The Best Dividend Stocks To Buy During The Rate Cut Rally
Dividend Champion And Contender Highlights: Week Of July 7
The Most Undervalued And Overvalued Dividend Aristocrats - July 2019