Leggett & Platt is now trading with one of the highest yields offered by a Dividend King at over 4.5%, as fragile economic conditions have weighed on the company's stock.Stubbornly high inflation and continued supply chain disruptions have led to lower sales volumes for the manufacturer of engineered components such as mattress springs and foams, recliner mechanisms, adjustable beds, steel wire, seat frames, carpet cushioning, and armrests. However, Leggett & Platt has successfully passed inflated costs on to customers, resulting in modest earnings growth. This profit stability has been a testament to the firm's strong market positioning, where it boasts a No. 1 or No. 2 market share in most of its operating categories.