Introduction: Leggett & Platt
Leggett & Platt (LEG) has come into fair value after being overvalued for most of 2021. As a result, the company offers a dividend yield approaching 5% and their last dividend increase announced was the 50th consecutive year of increasing their dividend. This puts the company into the elite category of a Dividend King.
With this video, I will delve into the nature of the beast illustrating how investors need to be fully aware of exactly what they are investing in. In this video you will see the relationship of Leggett & Platt’s stock price to its operating results over the last 20 years. As a result, you will note that the company’s stock price continuously moves into alignment with its intrinsic value. This has recently occurred making this dividend stalwart worth researching further at this time.
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Disclosure: No position.
Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.