NEW BRITAIN, Conn.--(BUSINESS WIRE)--Jul. 18, 2012-- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a 20% increase of its quarterly cash dividend to $0.49 per common share. This marks the 45th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 18, 2012 to shareholders of record as of the close of business on Friday, September 7, 2012.

The Board of Directors also approved a new share repurchase program of up to 20 million shares of the company’s common stock, or $1.2 billion, using the current stock price. Repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time.

Stanley Black & Decker’s President and CEO, John F. Lundgren, commented, “Returning cash to our shareholders continues to be a significant component of our capital allocation strategy. The 20% dividend increase and share repurchase program we announced today reflects our sensitivity to shareholder value creation and confidence in the cash generation potential of the company for both the near term and the future. These actions, partnered with our proven ability to operate, acquire, integrate and successfully grow businesses, are 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, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Source: Stanley Black & Decker

Stanley Black & Decker
Kate White Vanek, 860-827-3833
Vice President, Investor Relations
kate.vanek@sbdinc.com