Stanley Black & Decker increases dividend for 48th consecutive year

Dividend Aristocrat Stanley Black & Decker will raise its dividend by 5.8%.

Stanley Black & Decker will increase its quarterly dividend by $0,03 to $0,55 per share, marking 48 years of consecutive annual dividend increases.

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." (source: Stanley Black & Decker press release)

Stanley Black & Decker (NYSE:SWK) currently has an indicated dividend yield of 2,1% based on a stock price of $106,56 per share.

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