No. 12 (tie): Leggett & Platt Inc.: Healthy dividend has strong appeal
By KYLE ARNOLD World Business Writer on Sep 15, 2013, at 2:29 AM Updated on 9/15/13 at 7:42 AM
Investment Guide
Strong management and a good track record are just a couple of reasons why some investment professionals ranked Laredo Petroleum Holdings Inc. among their top picks.
SemGroup Corp. has been navigating in unchartered territory since the company filed for bankruptcy in 2008, but the energy products transportation and storage firm will soon be without the leader who guided it through choppy waters.
To investors, Carthage-Mo.'s Leggett & Platt Inc. may look more like a utility or an energy company than a manufacturing firm.
Dividends are robust and growing, and stock growth is strong. In fact, the company upped its quarterly dividend to 30 cents a share in August, giving Leggett & Platt an impressive dividend that bests 4 percent of its stock price.
"We always look for stocks that pay dividends at a rate higher than 3 percent because that beats inflation," said local investment adviser Jake Dollarhide, CEO of Longbow Asset Management Co.
Leggett & Platt manufacturers a variety of goods in the residential and industrial sectors. The company also has its hands in office furniture, bedding and components for automotive seats.
Leggett & Platt Inc.
Address: No. 1 Leggett Road, Carthage, MO, 64836
Phone: 417-358-8131
Web: www.leggett.com
Chairman: Richard T. Fisher
President/CEO: David S. Haffner
Symbol (Exchange): LEG (NYSE)
Operation: Manufactures a wide range of engineered products
Kyle Arnold 918-581-8380
kyle.arnold@tulsaworld.com
Original Print Headline: Healthy dividend has strong appeal
Investment Guide
Strong management and a good track record are just a couple of reasons why some investment professionals ranked Laredo Petroleum Holdings Inc. among their top picks.
SemGroup Corp. has been navigating in unchartered territory since the company filed for bankruptcy in 2008, but the energy products transportation and storage firm will soon be without the leader who guided it through choppy waters.
