LEG Stock Recent News

AT&T, Leggett & Platt, and Cracker Barrel currently yield between 6.5% and 7.9%. AT&T stumbled with this week's financial update, but the business is stabilizing, with five quarters of marginal but positive top-line growth.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Legget & Platt (LEG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Leggett's (LEG) implementation of restructuring initiatives to improve manufacturing and distribution efficiency. Yet, it pulls back long-term shareholder returns targets.

"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow. The 54 Dividend Kings screened as of December 29 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 18.52%-38.49% topped-by Northwest Natural, and Altria Group. By yield, Altria tops-all. Top-ten Kingly January yields reported for ABBV, FTS, FRT, BKH, UVV, NWN, MMM, CDUAF, LEG, & MO averaged 5.45%.

This is one of the top energy stocks and remains a favorite across Wall Street, paying a dependable 6.41% dividend.

Although Wall Street has many paths to profits, one of the best, with nearly a 100-year track record, is investing in  dividend stocks. Particularly in periods of high inflation and slowing economic growth, one constant investors can count on is the reliability of dividend stocks to see them through.

Whirlpool has had a whirlwind year, but the stock is a value option for investors. Leggett & Platt is a Dividend King that offers an ultra-high yield at a discounted price.

Dividend stocks have always been and will be, among the most compelling choices for investors seeking stable and enduring returns.

Dividend aristocrats can fail over time, as seen with the bankruptcies of Winn-Dixie, K Mart, and terrible long-term returns from GE, AT&T, CenturyLink, and VF Corp. I love recommending safe, high-yield aristocrat bargains to buy now and warn about rising dividend cut risk at deteriorating dividend aristocrats like Leggett & Platt. Leggett's pandemic supply chain disruption and inflation impacts have left it in a weakened state, likely going into a 2024 recession.