Leggett & Platt – Snoring, Boring Dividend Growth

Dividend investing isn’t for the easily bored. Rather than reacting to every last headline, the successful income investor instead must be satisfied with settling in, letting the cash roll in for decades, and allowing both dividend growth and compounding returns to do their thing. And importantly, you have to be able to put up with companies like Leggett & Platt (LEG).

Apple (AAPL) investors have bathed in excess media coverage for the past few weeks as iPhone 6/iPhone 6 Plus madness has reached a fever pitch. I could probably go the rest of my life without editing another Alibaba (BABA) story and not have a single regret. Leggett & Platt? It … um… No, the story behind LEG stock is that for the most part, there is no story. This is the type of stodgy stock that produces lasting performance and reliable dividend growth because it doesn’t hinge on any trends — it produces what the world needs, turns off the lights on the way out, and shows back up to work at 9 a.m. the next morning.

Source: InvestorPlace

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