Dividend Kings List by Yield: Top 10 Stocks

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

Dividend Yield as of November 11: 4.94%

Leggett & Platt, Incorporated (NYSE:LEG), an American diversified manufacturing company, has been raising its dividends consistently for the past 51 years. The company currently pays a quarterly dividend of $0.44 per share with shares boasting a yield of 4.94%, as recorded on November 11. The company is one of the best dividend stocks on our list.

In Q3 2022, Leggett & Platt, Incorporated (NYSE:LEG) reported a GAAP EPS of $0.52 and its revenue came in at $1.29 billion. The company’s operating cash flow for the quarter came in at $65 million, presenting a growth of $15 million from the same period last year. It expects to pay approximately $230 million to shareholders in dividends in FY22.

Highlighting margin pressures and ongoing market volatility, Piper Sandler maintained a Neutral rating on Leggett & Platt, Incorporated (NYSE:LEG) in October.

As of the close of Q2 2022, 12 hedge funds tracked by Insider Monkey owned stakes in Leggett & Platt, Incorporated (NYSE:LEG), compared with 15 in the preceding quarter. These stakes are collectively worth over $48.3 million. Millennium Management was the company’s leading stakeholder in Q2.