5 Dividend Aristocrats with Over 3% Yield

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

Dividend Yield as of January 25: 4.14%

Number of Hedge Fund Holders: 16

Number of Years of Consecutive Dividend Increases: 50

Leggett & Platt, Incorporated (NYSE:LEG) is a Missouri-based maker of bedding, furniture, flooring, and textiles, supplying its products to retailers, department stores, and home improvement brands. According to Insider Monkey’s Q3 database, 16 hedge funds were bullish on Leggett & Platt, Incorporated (NYSE:LEG), with stakes totaling $56.1 million. 

Leggett & Platt, Incorporated (NYSE:LEG) declared on November 9 a $0.42 per share quarterly dividend, which is a 5% increase from its prior dividend of $0.40, paid on January 14, to shareholders of record on December 15. Leggett & Platt, Incorporated (NYSE:LEG) has elevated its dividends for 50 years consecutively, and the stock offers a 4.14% yield as of January 25. 

Balyasny Asset Management is the largest Leggett & Platt, Incorporated (NYSE:LEG) shareholder, with a $10.3 million position in the company as of Q3.