NEW BRITAIN, Conn.,
July 17, 2019 /PRNewswire/ --
Stanley Black & Decker (NYSE:
SWK) announced today that its Board of Directors approved a
$0.03 increase of its quarterly cash
dividend to $0.69 per common share.
This marks the 52nd consecutive annual dividend increase
for the company. The dividend is payable on Tuesday, September 17, 2019 to shareholders of
record as of the close of business on Tuesday, September 3, 2019.
Stanley Black & Decker's
President and CEO, James M. Loree,
commented, "We believe that a strong and growing dividend is a key
element of our shareholder value proposition. I am pleased to
continue this trend of consecutive increases, which maintains our
compelling dividend payout and reflects our confidence in the
continued cash generation potential of the company."
Stanley Black & Decker, an
S&P 500 company, is a diversified global provider of hand
tools, power tools and related accessories, electronic security
solutions, healthcare solutions, engineered fastening systems, and
more. Learn more at www.stanleyblackanddecker.com.
Stanley Black & Decker
Investor Contacts
Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com
Cort Kaufman
Director, Investor Relations
(860) 515-2741
cort.kaufman@sbdinc.com
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SOURCE Stanley Black &
Decker