LEG Dividend Calculator
Dividend growth rate (CAGR)
| Year | Yield | Div / share | Annual income | Yield on cost | Cumulative income | Portfolio value | Shares |
|---|---|---|---|---|---|---|---|
| 1 | 3.0% | $0.20 | $211.00 | 1.7% | $211.00 | $9,156 | 1378.78 |
| 2 | 2.5% | $0.12 | $162.50 | 1.1% | $373.50 | $8,525 | 1832.62 |
| 3 | 2.1% | $0.07 | $127.26 | 0.7% | $500.76 | $8,054 | 2471.59 |
| 4 | 1.8% | $0.04 | $101.12 | 0.5% | $601.88 | $7,702 | 3374.31 |
| 5 | 1.5% | $0.02 | $81.34 | 0.4% | $683.23 | $7,440 | 4652.81 |
| 6 | 1.3% | $0.01 | $66.09 | 0.3% | $749.31 | $7,243 | 6466.71 |
| 7 | 1.1% | $0.01 | $54.12 | 0.2% | $803.43 | $7,096 | 9043.57 |
| 8 | 0.9% | $0 | $44.59 | 0.2% | $848.03 | $6,985 | 12707.90 |
| 9 | 0.8% | $0 | $36.92 | 0.1% | $884.95 | $6,900 | 17922.51 |
| 10 | 0.6% | $0 | $30.68 | 0.1% | $915.63 | $6,836 | 25347.56 |
Year 1-10 dividend income (preview)
Based on a $10,000 initial investment with $200.00 monthly contributions, DRIP on.
Historical dividends per share
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-03-13 | $0.05 | 2.5% | 2.0% | $10.18 |
| 2025-12-15 | $0.05 | 1.7% | 1.7% | $11.65 |
| 2025-09-15 | $0.05 | 2.1% | 2.1% | $9.42 |
| 2025-06-13 | $0.05 | 2.7% | 2.2% | $9.24 |
| 2025-03-14 | $0.05 | 2.5% | 2.5% | $8.11 |
| 2024-12-13 | $0.05 | 5.4% | 1.8% | $11.25 |
| 2024-09-13 | $0.05 | 8.0% | 1.6% | $12.80 |
| 2024-06-14 | $0.05 | 12.9% | 1.8% | $11.07 |
| 2024-03-14 | $0.46 | 9.9% | 9.9% | $18.56 |
| 2023-12-14 | $0.46 | 6.7% | 6.8% | $27.05 |
| 2023-09-14 | $0.46 | 6.7% | 6.9% | $26.81 |
| 2023-06-14 | $0.46 | 5.8% | 6.0% | $30.76 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of last 12 months of payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About LEG
Leggett & Platt, Incorporated — ticker LEG — is a diversified US industrial manufacturer of engineered components, best known for steel bedding springs and innersprings used in mattress production and for engineered automotive seating, lumbar, and motion components used by global automakers. The dividend story Leggett & Platt carries today requires the clearest possible statement up front. Leggett & Platt cut its dividend in May 2024 after 52 consecutive years of increases, ending its Dividend King status. The current dividend reflects the post-cut capital structure focused on debt reduction and is NOT a continuation of the prior streak. The cut was severe in magnitude — the quarterly per-share amount was reduced from $0.46 to $0.05, a cut of roughly 89%, with the company explicitly framing the post-cut amount as a deleveraging-floor distribution rather than as an income-investor-friendly capital-return rate. The 52-year increase streak that had placed Leggett & Platt in the small bracket of true Dividend Kings (S&P 500 constituents with 50-plus consecutive years of increases) was broken at that point, and the King status was lost. The pre-2024 LEG and the post-2024 LEG are different dividend stories, and the calculator on this page should be read in that light.
The strategic context for the cut is the multi-year demand collapse in bedding and home-furnishings following the COVID-era pull-forward of household-goods spending. Through 2020-21, US bedding and furniture demand spiked materially as consumers redirected spending to home goods during the pandemic; Leggett & Platt's bedding component sales benefited proportionally, and the company's earnings ran ahead of trend. Beginning in late 2022 and intensifying through 2023, the demand pattern reversed sharply as consumer spending shifted back toward services, mortgage rates rose, the housing-turnover cycle slowed, and the inventory built up in the wholesale and retail channel during the boom needed to be worked off. Leggett & Platt's bedding-segment revenue and consolidated earnings deteriorated materially through 2023. The combination of lower earnings, an elevated debt position carried from earlier acquisitions, and a dividend payout ratio that had risen above 100% on the depressed earnings base produced the capital-allocation pressure that culminated in the May 2024 cut. Management's framing was explicit: the cut was a deleveraging step, the new dividend amount was set at a floor sized to be sustainable through the trough of the cycle, and capital was being redirected to debt reduction over dividend continuity.
The historical 52-year streak is structurally meaningful as a record but is now closed. Leggett & Platt had been one of approximately twenty-five to thirty US Dividend Kings as of the start of 2024 — the small bracket of S&P 500 constituents with fifty-plus consecutive years of annual dividend increases. The streak began in 1971 and ran through 2023, surviving the deep recession of 1973-75, the Volcker disinflation of the early 1980s, the 1990-91 recession, the 2000-02 dot-com bust, the 2008-09 financial crisis, and the 2020 COVID-19 demand shock. The fact that it broke in 2024 in response to a cyclical bedding-demand collapse rather than in a broader macro-shock window is structurally informative — the cut illustrates that even a long-running Dividend King can be brought to a payout cut by a sector-specific demand pattern combined with elevated leverage, not only by broader macro-shock conditions. Yield-screening services may still flag LEG due to outdated streak data — verify current cadence before treating it as an income holding.
Leggett & Platt operates in the Industrials sector, with three primary business segments after the recent reorganization: Bedding Products (steel and specialty bedding components, innerspring assemblies, and related bedding-industry inputs), Specialized Products (engineered automotive seating, lumbar, and motion components, plus aerospace and hydraulic-cylinder components), and Furniture, Flooring & Textile Products (engineered components for residential and contract furniture, flooring underlayments, and geo-textiles). Leggett & Platt maintains an investment-grade credit profile, supported partly by the recent dividend cut and capital reallocation toward debt reduction. Expense ratio is not applicable to individual stocks — the figure you'll see in the calculator above is zero, since there is no fund wrapper between you and the underlying shares.
How LEG pays dividends
Leggett & Platt pays cash dividends quarterly, on a January–April–July–October cadence at the post-cut $0.05 per share quarterly rate. The board declares the per-share amount each quarter; the ex-dividend date typically falls in the middle of the third month before the pay date, and the pay date falls in the middle of the relevant month. Holders who own shares as of the close on the day before the ex-date receive the dividend; holders who buy on or after the ex-date wait for the next quarterly payment. On the ex-date the share price drops by approximately the distribution amount on the open, reflecting the fact that the company has paid the cash out of its balance sheet — the small absolute amount of the post-cut dividend means the ex-date price drop is correspondingly small.
Holders who DRIP through their broker receive additional shares purchased at the prevailing market price around the pay date. Most major brokers offer fractional-share DRIP for Leggett & Platt. The mechanics are identical to any other quarterly US dividend stock — the cash that funds the dividend at the post-cut amount comes from a capital-allocation policy that prioritizes debt reduction and the maintenance of the floor distribution, not from a growth-of-distribution policy. The pre-2024 dividend growth pattern — modest single-cent annual hikes per quarter over fifty-plus consecutive years — is no longer the relevant reference for forward modeling. The current dividend was set at the deleveraging-floor amount in May 2024 and has been held at that level since.
The calculator on this page uses a recent dividend amount and growth-rate input to project the income line forward. For Leggett & Platt today, modeling with the post-cut $0.05/quarter rate as the base and a zero-or-near-zero growth assumption is structurally honest for a near-term projection, recognizing that the company's stated capital-allocation policy positions the dividend as a floor amount rather than as a growth-targeted distribution. Whether Leggett & Platt eventually restarts a growth cadence on the dividend from the post-cut base depends on the trajectory of bedding demand, the pace of debt reduction, and the broader operating recovery — none of which can be assumed for purposes of a forward income projection. The calculator output should be read as a model of the floor distribution, not as a continuation of the pre-2024 growth pattern.
Leggett & Platt's dividends are qualified for the long-term capital-gains rate in taxable accounts, given the standard sixty-day holding-period rule. In tax-advantaged accounts the qualified-dividend treatment is moot because no current-year tax applies. The yield on the post-cut amount sits in a low-to-mid single-digit range against the post-cut share price (which itself dropped substantially in 2024 following the cut announcement), which is materially different from the higher yield-on-cost that pre-cut holders had been receiving on the pre-2024 distribution.
Who LEG suits
Leggett & Platt currently does not fit the standard income-stock profile, and any consideration of LEG as a holding should be structured around the post-cut reality rather than around the historical 52-year record. LEG has the unusual characteristic of being a former Dividend King that recently lost the status. The historical streak is no longer intact; the current dividend is a deleveraging-floor amount, not an income-investor-friendly distribution policy. Yield-screening services may still flag LEG due to outdated streak data — verify current cadence before treating it as an income holding. Any income-focused portfolio construction process that treats Leggett & Platt as a continuation of its pre-2024 streak is working from data that is no longer accurate; the relevant baseline is the post-cut $0.05/quarter distribution and the deleveraging-floor capital-allocation framework.
For a reader evaluating Leggett & Platt as a potential turnaround position rather than as an income holding, the structural framework is different from a normal dividend-stock evaluation. The relevant questions are about the trajectory of bedding demand following the post-COVID demand collapse, the pace of consolidated-revenue recovery, the path of debt reduction, and whether the company eventually restarts dividend growth from the post-cut floor at some future date. None of those questions can be answered with confidence today, and an income-focused portfolio construction process generally does not put weight on speculative dividend-restoration scenarios in a name that has just lost its long-streak status.
The most useful comparison for LEG today is against the broader cohort of US Dividend Kings with intact streaks — names like Procter & Gamble (PG), Coca-Cola (KO), 3M historically (which itself cut in 2024 in connection with the Solventum spin), Johnson & Johnson (JNJ), and Colgate-Palmolive (CL). Against those names, Leggett & Platt is the cautionary case — the canonical example of how a long-running King status can be lost in a single cycle when sector-specific demand pressure combines with elevated leverage. The comparison reinforces that long historical streaks are necessary but not sufficient evidence for income-stock reliability — the structural test is the capital-allocation discipline through a future stress window, and Leggett & Platt failed that test in 2024.
In taxable accounts, LEG's dividends benefit from qualified-dividend treatment. In tax-advantaged accounts the treatment is moot. As with any single-stock position, this content is educational only; it is not a recommendation to buy, sell, or hold Leggett & Platt, and individual circumstances vary. Sector-specific risks — including the trajectory of US bedding and furniture demand, automotive-seating-component customer concentration, the pace of debt reduction, and the deleveraging-floor framing of the current dividend — should be weighed against the now-closed 52-year increase record.
Hypothetical scenarios
Scenario 1: $10,000 invested in Leggett & Platt before the 2024 dividend cut
Consider a hypothetical purchase of $10,000 of Leggett & Platt stock at the start of 2022, before the May 2024 dividend cut and well before the cyclical bedding-demand collapse that ultimately drove the capital-allocation decision. We use this entry point deliberately. It illustrates the structural risk for income investors who held LEG into the post-COVID bedding-demand reversal — the income line that looked stable and growing on the back of a 52-year increase streak at the start of 2022 was cut by approximately 89% in May 2024 ($0.46/quarter to $0.05/quarter), and the King status that had attracted income-focused holders to the name was lost in the same announcement. Treating Leggett & Platt as a continuous-streak Dividend King across the holding window would be wrong; the streak ended at the May 2024 cut, and the income story for an investor who bought at the start of 2022 is one of a dramatic step-down rather than a continuation of the prior pattern.
Three structural forces operate over the holding window, in a direction materially different from a normal Dividend King. First, the per-share dividend dropped from $0.46 to $0.05 in May 2024 — an 89% cut that is the opposite of the typical King pattern of low-single-digit annual increases. Second, the share count grew modestly via DRIP through the cut period and at a substantially smaller dollar amount per quarter post-cut, given the much smaller distribution being reinvested. Third, the share price fell substantially across the window as the market repriced Leggett & Platt's competitive position in bedding components, the elevated debt load, and the eventual dividend cut itself; the cut announcement in May 2024 produced an additional sharp downward leg in the share price as the market repriced both the now-broken streak and the implicit signal about the operating outlook. The total return profile for an early-2022 entry has been dominated by the price decline and the cut, not by the dividend continuation that the pre-2024 streak might have implied.
The illustrative outcome is not a precise dollar figure. The structural point is that Leggett & Platt's recent history is the canonical example of why income investors should treat long historical streaks as necessary but not sufficient evidence for income reliability. The 52-year increase record across 1971-2023 survived multiple recessions, the Volcker disinflation, the dot-com bust, and the 2008-09 financial crisis — but it broke in 2024 in response to a sector-specific bedding-demand collapse combined with elevated leverage. The central caution is that even a long-running Dividend King can be brought to a dramatic payout cut by a cyclical sector-specific pressure window, particularly when capital structure constraints amplify the operating pressure.
Scenario 2: Modeling LEG at the post-cut floor distribution
The calculator on this page can model a forward income projection for Leggett & Platt using the post-cut $0.05/quarter distribution as the base, recognizing that the current dividend is a deleveraging-floor amount rather than a growth-targeted distribution. The framing is: $50,000 starting capital, plus $500 per month added on a regular cadence for 20 years, with DRIP on. Use the post-cut $0.05/quarter rate as the dividend input — overriding any displayed trailing-twelve-month figure that may still reflect pre-cut distributions — and use a near-zero dividend growth assumption to model the floor amount honestly. Modeling LEG with a high pre-cut historical growth rate would overstate the projected income line by a structurally meaningful margin.
The mechanics under the post-cut framing: each month, the new $500 buys additional shares at the current price (which adds to share count and therefore to future dividends if and when Leggett & Platt restarts growth on the distribution); each quarter, the small dividend received from all accumulated shares is reinvested. Because the post-cut yield against the post-cut share price is modest (in the low-to-mid single-digit range), the DRIP component contributes a smaller share of share-count growth than at higher-yield names. The question that determines the income outcome over a 20-year window is whether Leggett & Platt eventually restarts a growth cadence on the dividend from the post-cut base — a possibility that depends on the trajectory of bedding demand, the pace of debt reduction, and the broader operating recovery.
What's worth focusing on in the calculator is that the projection is entirely sensitive to assumptions about future restart-of-growth events that have no current empirical anchor. There is no published policy on dividend-growth restoration from the post-cut floor, no committed timeline, and no formula that maps deleveraging progress to a future dividend-growth event. The honest reading is that the calculator output for LEG today is best understood as a floor-distribution projection rather than as a continuation of the pre-2024 King-tier dividend trajectory. LEG should not be treated as a current Dividend King income holding regardless of how the numerical output appears, and yield-screening services that flag LEG based on outdated streak data should be cross-checked against the post-May-2024 distribution reality. Real outcomes depend on Leggett & Platt's free-cash-flow generation across the bedding-and-furniture demand recovery, the pace of debt reduction, automotive-seating-component segment performance, tax treatment in your specific account, and the broader path of US equity markets. Educational only; not a forecast.
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-15.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.