Leggett & Platt Share News

Dividend stocks are my favored way for generating passive income for retirement. Passive income is generated with minimal effort once set up, and can snowball beautifully as dividends are reinvested. Not all Dividend Aristocrats are good for a massive dividend snowball, here are 3 I wouldn't own.

Leggett & Platt's share price has declined by more than 80% over the past 3 years, culminating in a drop of over 25% after the recent dividend cut. Recent weakness in the industry and low-cost competition from overseas have caused revenue and margins to decline, ultimately making the hefty dividend payout unsustainable. The company's challenges are real, but the drop in share price offers an op...

NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

Leggett & Platt, Incorporated has cut its dividends after 51 consecutive years of dividend hikes. A key lesson I learned for analyzing dividend stocks is to not just look at the yields and simple payout ratios. Instead, analyze the company's financials more holistically. Looking ahead, I am seeing strong EPS headwinds, inventory issues, and stretched balance sheet.

Dividend stocks have struggled in recent years due to rising interest rates and companies cutting or eliminating their dividends. We look at some concerning storm clouds brewing on the horizon for the sector. We also share some of our top picks for navigating the current choppy waters in the sector.

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focuse...

CARTHAGE, Mo. , May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board Chairman Mitch Dolloff resigned as President and CEO and a member of the Board Diversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately.

Investing in dividend stocks can provide a steady stream of income for those in retirement. Dividend stocks are especially beneficial for older individuals who may need additional income beyond retirement benefits. When selecting dividend stocks, it is important to consider factors such as quality, income yield, and potential for growth.