Top 10 Dividend Stocks to Buy Now

Blue chips Lockheed and RAI make list beside cinemas and small-cap manufacturers

      View All  
Top 10 Dividend Stocks to Buy Now

Dividend Stock #2 Leggett & Platt (LEG)

leg Top 10 Dividend Stocks to Buy NowFounded in 1883, Leggett & Platt Inc. (NYSE: LEG) designs and manufactures a wide range of products used in items from home furnishings to automobile interiors to wires and tubing for industrial use.

  • Current Yield: 4.1% ($1.08 a share annually)
  • Dividend History: In July 2010, Leggett & Platt paid a quarterly dividend of 26 cents a share. This July, LEG it will pay 27 cents, or a nearly 4% increase. LEG has paid dividends since 1939.
  • Dividend Outlook: According to Bloomberg data, LEG’s three-year dividend growth rate is expected to be 3.6%.
  • Recent Performance: Leggett & Platt has underperformed across the last year, but has really taken off in 2011. The manufacturer has doubled the market with a nearly 15% gain since Jan. 1, and is up against a new 52-week high.
  • Strong Outlook for Shares: Part of the reason Leggett & Platt has performed so well is because of strong earnings at the end of April, which showed a 10% jump in sales, beating expectations, and higher guidance for fiscal 2011. Big growth of 28% in the specialized products segment gives investors reason to be optimistic about LEG stock for the rest of the year.

Article printed from InvestorPlace Media, http://investorplace.com/2011/05/dividend-stocks-to-buy-cnk-leg-lmt-kmb-nci-rai-scg-sbgi-tal-uns/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.