Dividend Champions List Ranked By Yield: Top 10

6. Leggett & Platt, Incorporated (NYSE:LEG)

Dividend Yield as of December 20: 5.55%

Leggett & Platt, Incorporated (NYSE:LEG) is a Missouri-based manufacturing company that specializes in products found in homes. On November 18, the company announced a quarterly dividend of $0.44 per share, which fell in line with its previous dividend. The company holds a 51-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on December 10 came in at 5.55%.

In the third quarter of 2022, Leggett & Platt, Incorporated (NYSE:LEG) reported revenue of $1.3 billion, which fell by 2.3% from the same period last year. The company’s operating cash flow for the quarter came in at $65 million, presenting an increase of $15 million from the prior-year quarter. For FY22, it expects to pay $230 million to shareholders in dividends.

As of the close of Q3 2022, 14 hedge funds tracked by Insider Monkey held investments in Leggett & Platt, Incorporated (NYSE:LEG), up from 12 in the previous quarter. The stakes owned by these funds have a total value of nearly $33 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q3.