Leggett & Platt (LEG)

Leggett & Platt (LEG)

Postby winston » Sat Jul 25, 2015 8:03 pm

not vested

Boring, Beautiful Retirement Stocks: Leggett & Platt (LEG)

Retirement Stocks to Hold for 20 Years

Leggett & Platt (LEG) is as boring as they come, but not when it involves returns blowing away the broad market as indicated in this chart.

This is an amazing business that’s been around for over a century, that handles things Peter Lynch would love because they are so boring: engineered components.

What are those? Essentially, they are things with springs, like bed innersprings, seat suspensions, furniture components and commercial fixtures. Useful, everywhere and utterly boring.

LEG stock also has had impressive dividend increases — even better than those above.

Leggett and Platt’s dividend has risen from 15 cents to 28 cents in a decade, which is an 86% increase.

Although it has only risen 8% over the past two years, there’s no denying that LEG stock has solid free cash flow to pay shareholders. It routinely generates between $270 million and $380 million annually. The present dividend is 2.5%.

Source: Investor Place
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