Leggett & Platt Is A Winner On Yield And Stock Price
Hefty dividends are sometimes associated with greater risk. Yet, the right kind of stock history can put the big dividend in a more stable context. For example, Leggett & Platt (LEG) has increased its payout for 41 years in a row. The current annualized yield is 4.1%. Keeping and increasing the dividend is "a high priority," the company stated in its most recent 10-Q report. In 2011, the company paid out about 53% of cash flow per share. The big
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