Abdication [LEG]
Just after 5pm EST yesterday, Leggett & Platt [LEG] announced a 2024Q2 dividend of $0.05. That is a $0.41 decrease in the quarterly dividend and the end of a 52-year streak. Is it possible for LEG to change course later this year? No. I am gutted.
Ladies and gentlemen, Leggett & Platt has abdicated the throne!
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