Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.01 increase of its quarterly cash dividend to $0.50 per common share. This marks the 46th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 17, 2013 to shareholders of record as of the close of business on Friday, September 6, 2013.
Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented,
We are committed to returning cash to our shareholders through continued dividend growth. The dividend increase we announced today reflects our confidence in our ability to generate free cash flow and maintains our compelling dividend yield. This action, combined with our mission of building world-class branded franchises with sustainable strategic characteristics, is core to our shareholder value proposition.”
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at