SmarterDividends
LEG

Leggett & Platt Inc

LEG

Consumer Cyclical · Furnishings, Fixtures & Appliances · Stock · quarterly payer

$9.20

Overvalued · -38% Add to Portfolio

Forward Yield

2.17%

Annual Dividend

$0.20

Payout Ratio

13%

5-Yr Growth

-34.0%

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about LEG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Leggett & Platt Inc (LEG) has a forward dividend yield of 2.17%, based on an annual dividend of $0.20 per share and a share price of $9.20.
  • As of Oct 18, 2026, LEG's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • LEG last cut its regular dividend in 2024.
  • LEG's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.0500 per share.
  • As of Oct 18, 2026, LEG pays out 13% of its trailing 12-month earnings as dividends (its payout ratio).
  • LEG's dividend has shrunk at an average rate of 34.0% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for LEG is $5.70 per share, 38% below the $9.20 share price, so LEG screens as overvalued.
  • Leggett & Platt Inc (LEG) pays its dividend quarterly, 4 times a year.
  • Leggett & Platt Inc (LEG) has raised its regular dividend 46 times and cut it 1 time across the 167 payments on record since 1985. Its most recent change was a 89.1% cut to $0.0500 per share, going ex-dividend on Jun 14, 2024.
Cite this page

SmarterDividends, "LEG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/LEG

Summary

As of Oct 18, 2026, Leggett & Platt Inc (LEG) yields 2.17% ($0.20 a year per share) and has a dividend safety grade of B (66/100).

Is LEG a good dividend stock?

Yes, with caveats

Leggett & Platt Inc (LEG) pays a quarterly dividend yielding 2.17% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (13%)

Risks

  • Cut its dividend in 2024
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
2.17%
Payout Ratio
13%
Annual Dividend
$0.20
5-Yr Avg Growth
-34.0%
Ex-Dividend Date
Aug 10, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.75
Market Cap
$1.3B
P/E Ratio
5.9
5-Yr Total Return
—
52-Week Range
$8.34 – $13.00
Dividend Safety
B · 66/100
Ever Cut?
Yes (2024)

LEG dividend raises and cuts

Leggett & Platt Inc (LEG) has raised its regular dividend 46 times and cut it 1 time across the 167 payments on record since 1985. Its most recent change was a 89.1% cut to $0.0500 per share, going ex-dividend on Jun 14, 2024.

Ex-dateChangeOld → newMove
Jun 14, 2024Cut$0.460 → $0.0500−89.1%
Jun 14, 2023Raise$0.440 → $0.460+4.5%
Jun 14, 2022Raise$0.420 → $0.440+4.8%
Jun 14, 2021Raise$0.400 → $0.420+5.0%
Jun 13, 2019Raise$0.380 → $0.400+5.3%
Jun 14, 2018Raise$0.360 → $0.380+5.6%
Jun 13, 2017Raise$0.340 → $0.360+5.9%
Jun 13, 2016Raise$0.320 → $0.340+6.3%
Sep 11, 2015Raise$0.310 → $0.320+3.2%
Sep 11, 2014Raise$0.300 → $0.310+3.3%
Sep 11, 2013Raise$0.290 → $0.300+3.4%
Sep 12, 2012Raise$0.280 → $0.290+3.6%
Show all 47 changes since 1985
Ex-dateChangeOld → newMove
Sep 13, 2011Raise$0.270 → $0.280+3.7%
Sep 13, 2010Raise$0.260 → $0.270+3.8%
Sep 11, 2009Raise$0.250 → $0.260+4.0%
Dec 12, 2007Raise$0.180 → $0.250+38.9%
Jun 13, 2007Raise$0.170 → $0.180+5.9%
Jun 13, 2006Raise$0.160 → $0.170+6.3%
Jun 13, 2005Raise$0.150 → $0.160+6.7%
Sep 13, 2004Raise$0.140 → $0.150+7.1%
Sep 11, 2003Raise$0.130 → $0.140+7.7%
Sep 11, 2002Raise$0.120 → $0.130+8.3%
Feb 28, 2001Raise$0.110 → $0.120+9.1%
Aug 23, 2000Raise$0.100 → $0.110+10.0%
Feb 23, 2000Raise$0.0900 → $0.100+11.1%
Feb 24, 1999Raise$0.0800 → $0.0900+12.5%
May 27, 1998Raise$0.0750 → $0.0800+6.7%
Feb 25, 1998Raise$0.0700 → $0.0750+7.1%
Aug 27, 1997Raise$0.0650 → $0.0700+7.7%
Feb 19, 1997Raise$0.0600 → $0.0650+8.3%
Aug 28, 1996Raise$0.0550 → $0.0600+9.1%
Feb 28, 1996Raise$0.0500 → $0.0550+10.0%
Aug 23, 1995Raise$0.0450 → $0.0500+11.1%
Feb 17, 1995Raise$0.0400 → $0.0450+12.5%
Aug 22, 1994Raise$0.0375 → $0.0400+6.7%
Feb 18, 1994Raise$0.0350 → $0.0375+7.1%
Aug 23, 1993Raise$0.0325 → $0.0350+7.7%
Feb 22, 1993Raise$0.0300 → $0.0325+8.3%
Aug 24, 1992Raise$0.0275 → $0.0300+9.1%
Aug 26, 1991Raise$0.0263 → $0.0275+4.8%
Feb 22, 1990Raise$0.0238 → $0.0263+10.5%
Aug 21, 1989Raise$0.0225 → $0.0238+5.6%
Feb 21, 1989Raise$0.0200 → $0.0225+12.5%
Feb 22, 1988Raise$0.0175 → $0.0200+14.3%
Feb 23, 1987Raise$0.0125 → $0.0175+40.0%
Feb 18, 1986Raise$0.0109 → $0.0126+15.6%
Aug 19, 1985Raise$0.0100 → $0.0109+9.0%
Every LEG payment →Download every raise and cut (CSV)
LEG ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →LEG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is LEG a good dividend stock?

Yes, with caveats. Leggett & Platt Inc (LEG) pays a quarterly dividend yielding 2.17% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is LEG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LEG's fair value is about $5.70 versus a $9.20 share price — so it looks overvalued (-38% vs. fair value).

Is LEG's dividend safe?

LEG has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is LEG's fair value?

Our blended fair-value estimate for LEG is about $5.70 per share, about 38% below the current $9.20 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is LEG a buy, hold, or sell?

We don't issue formal ratings, but on the data LEG screens as "yes, with caveats" and overvalued. Leggett & Platt Inc (LEG) pays a quarterly dividend yielding 2.17% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will LEG cut its dividend?

LEG earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does LEG pay a dividend?

Yes. Leggett & Platt Inc pays a quarterly dividend of about $0.20 per share annually, a forward yield of roughly 2.17%.

What is LEG's dividend yield?

As of Oct 18, 2026, LEG's forward dividend yield is 2.17%, based on a $0.20 annual dividend and a $9.20 share price.

What is LEG's dividend per share?

As of Oct 18, 2026, LEG pays $0.20 per share per year, distributed on a quarterly basis.

What is LEG's dividend payout ratio?

As of Oct 18, 2026, LEG's payout ratio is 13% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has LEG grown its dividend?

LEG does not currently have a long dividend-growth streak on record.

When is the next LEG ex-dividend date?

As of Oct 18, 2026, LEG's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.0500 per share.

Income Calculator

At $0.20 / yr per share

Per payment (quarterly)$5.00
Annual$20.00
Monthly avg$1.67

Similar Dividend Stocks

HDHDThe Home Depot, Inc.3.01%Consumer CyclicalBABAFBABAFAlibaba Group Holding Limited0.95%Consumer CyclicalBABABABAAlibaba Group Holding Limited0.96%Consumer CyclicalTOYOFTOYOFToyota Motor Corporation3.40%Consumer Cyclical

Compare LEG

LEG vs HDLEG vs BABAFLEG vs BABALEG vs TOYOF

Explore more

Lists and tools related to LEG