Leggett & Platt, Incorporated
LEGConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.08%
Annual Dividend
$0.20
Payout Ratio
13%
5-Yr Growth
-34.0%
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Summary
As of August 2026, Leggett & Platt, Incorporated (LEG) yields 2.08% ($0.20 per share annually), with a blended fair-value estimate of $5.55 — -42% downside, so it screens as overvalued. Dividend safety grade: B (66/100).
Is LEG a good dividend stock?
Yes, with caveatsLeggett & Platt, Incorporated (LEG) pays a quarterly dividend yielding 2.08% ($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
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.08%
- 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
- 6.2
- 5-Yr Total Return
- -80%
- 52-Week Range
- $8.32 – $13.00
- Dividend Safety
- B · 66/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
LEG Price — Last 12 Months
Daily close
Price Return
1 Year
+0%
3 Years
-66%
5 Years
-80%
52-Week Range
$8.32 – $13.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LEG worth?
Overvaluedlow confidenceOur blended fair-value estimate for Leggett & Platt, Incorporated is $5.55 per share, versus a market price of $9.62. That implies 42% of downside.
Fair Value
$5.55
Current Price
$9.62
Downside
-42%
Margin of Safety
-73%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 14.1% stage-1 growth, 2.5% terminal growth, $1.56 EPS, $0.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LEG Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.0500 | regular |
| Mar 13, 2026 | — | $0.0500 | regular |
| Dec 15, 2025 | — | $0.0500 | regular |
| Sep 15, 2025 | — | $0.0500 | regular |
| Jun 13, 2025 | — | $0.0500 | regular |
| Mar 14, 2025 | — | $0.0500 | regular |
| Dec 13, 2024 | — | $0.0500 | regular |
| Sep 13, 2024 | — | $0.0500 | regular |
| Jun 14, 2024 | — | $0.0500 | regular |
| Mar 14, 2024 | — | $0.4600 | regular |
| Dec 14, 2023 | — | $0.4600 | regular |
| Sep 14, 2023 | — | $0.4600 | regular |
| Jun 14, 2023 | — | $0.4600 | regular |
| Mar 14, 2023 | — | $0.4400 | regular |
Income Calculator
At $0.20 / yr per share
