LEG Stock Recent News

Dividend Aristocrats are stocks that are members of the S&P 500 index and have raised their dividend payouts yearly for 25 years or more. It's an exclusive list of companies.

Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.

There is no substitute for dividend stocks when it comes to making money on Wall Street. Studies show dividend payers significantly outperform stocks that don't reward shareholders and do so with less risk.

Leggett & Platt, Incorporated stock has tanked due to a disappointing earnings outlook and a corporate restructuring plan. The company's net sales declined by $400 million and expenses grew in 2023, leading to a net loss. Despite the challenges, the Leggett & Platt dividend is still covered by free cash flow.

Piper Sandler's Peter Keith reduced his per-share price target and reiterated an underweight rating on Leggett & Platt stock. The analyst cited concerns over an increased risk of a dividend cut.

Leggett & Platt: Declining Cash Flows Make This Dividend King A Stock I Would Avoid

It operates through three segments: Bedding, Specialized Products Furniture, Flooring Textile Products The company offers Steel rods, drawn wires, foam chemicals, and additives Innerspring, specialty foams, private label finished mattresses, mattress foundations, Wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines Mattress packaging and glue drying equipment, machines to produce innerspring for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.

Penny stocks and startups might be great for speculation, but building a retirement portfolio requires more stability. Preparing for the golden years requires a blend of growth, safety and, more importantly, income.

"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 55 Dividend Kings screened as of February 12 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 14.3%-28.7% topped-by Northwest Natural, and Archer-Daniels Midland. By yield, Altria tops-all. Top-ten February King yields reported for UBSI, FRT, FTS, BKH, NWN, CDUAF, UVV, MMM, LEG, & MO averaged 6.00%.

Improving macroeconomic scenario and focusing on digitization and product innovation raise hope for LEG, MLKN, AMWD and FLXS.