Stanley Black & Decker increases dividend for 49th consecutive year

Dividend Aristocrat Stanley Black & Decker (SWK) will raise its dividend by 5.5%.

The quarterly dividend will be raised to $0.58 per share, marking 49 years of consecutive dividend increases.

Stanley Black & Decker's Chairman and CEO, John F. Lundgren, commented, "It makes me extremely proud to think that over the past decade we have been able to double the quarterly cash dividend per share. We have always viewed our dividend as a cornerstone to our shareholder value proposition, and today's increase reflects our confidence in the continued cash generation potential of the company."

The estimated dividend yield for Stanley Black & Decker is 2.0% based on Thurday's closing price of $114.97.

Source: Stanley Black & Decker

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