NEW BRITAIN, Conn., July 23, 2015 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.03 increase of its quarterly cash dividend to $0.55 per common share. This marks the 48th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 22, 2015 to shareholders of record as of the close of business on Friday, September 4, 2015.
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 the cash generation potential for the company and 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, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.
Stanley Black & Decker, Inc.
Greg Waybright, (860) 827-3833
Vice President, Investor & Government Relations
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SOURCE Stanley Black & Decker