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Stanley Black & Decker Announces Dividend Increase To $0.66 Per Share

NEW BRITAIN, Conn., July 18, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.03 increase of its quarterly cash dividend to $0.66 per common share. This marks the 51st consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 18, 2018 to shareholders of record as of the close of business on Friday, September 7, 2018.

Stanley Black & Decker's President and CEO, James M. Loree, commented, "A strong and growing dividend reflects the continued cash generation potential of the company and is a key element of our shareholder value proposition. I am pleased to continue this trend of consecutive increases, which maintains our compelling dividend payout."

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts

Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

Cort Kaufman
Director, Investor Relations
(860) 515-2741
cort.kaufman@sbdinc.com

 

Stanley Black & Decker. (PRNewsFoto/Stanley Black & Decker)

 

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SOURCE Stanley Black & Decker

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Stanley Black & Decker, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.