Stanley Black & Decker raises dividend for 50th year
Dividend Aristocrat Stanley Black & Decker (SWK) will raise its dividend by 8.6%.
Stanley Black & Decker (SWK) will raise its quarterly dividend to $0.63 per share. This marks the 50th consecutive annual dividend increase for the company.
The dividend is payable on Tuesday, September 19, 2017 to shareholders of record as of the close of business on Friday, September 1, 2017.
Stanley Black & Decker's President and CEO, James M. Loree, commented, "A strong and growing dividend continues to be a critical component of our shareholder value proposition. I am pleased to continue the trend of consecutive increases, which has now spanned five decades."
Stanley Black & Decker is a global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions and engineered fastening systems. Its brands include SIDCHROME, AeroScout, DEWALT, Newell Tools and Craftsman, Irwin, Lenox, Craftsman, BLACK+DECKER, SONITROL, Warren, GRIPCO, Porter-Cable, BOSTITCH and WanderGuard.