Dividend Aristocrat Leggett & Platt (LEG) will raise its quarterly dividend by 5.6 percent to $0.38 per share in the second quarter of 2018. This marks the 47th consecutive year of dividend increases.

The dividend will be paid on July 13, 2018 to shareholders of record on June 15, 2018. The new dividend yield for LEG is 3.7%.

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The company’s products include  steel coiled bedsprings, components and finished products for the office seating market, automotive seating components and tubing for the aerospace industry, specialized machinery and equipment, and service van interiors.