Furniture component manufacturer Leggett & Platt (NYSE:LEG) announced today its third-quarter dividend of $0.30 per share, a 3% increase from the payout it made to investors last quarter of $0.29 per share.

The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on September 13. Dividends have increased for 42 consecutive years.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 3.9% based on the closing price today of Leggett & Platt's stock.

LEG Dividend Chart

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