NEW BRITAIN, Conn.--(BUSINESS WIRE)--Jul. 23, 2014--
Stanley Black & Decker (NYSE: SWK) announced today that its Board of
Directors approved a $0.02 increase of its quarterly cash dividend to
$0.52 per common share. This marks the 47th consecutive annual dividend
increase for the company. The dividend is payable on Tuesday, September
16, 2014 to shareholders of record as of the close of business on
Friday, September 5, 2014.
Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented,
“A strong and growing dividend remains a cornerstone of our shareholder
value proposition. The increase we announced today reflects our
confidence in our ability to generate free cash flow and maintains our
compelling dividend yield.”
Stanley Black & Decker, an S&P 500 company, is a diversified global
provider of hand tools, power tools and related accessories, mechanical
access and electronic security solutions, healthcare solutions,
engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.
Source: Stanley Black & Decker
Stanley Black & Decker, Inc.
Greg Waybright, 860-827-3833
President, Investor & Government Relations