Stanley Black & Decker (SWK) will raise its quarterly dividend by 3.0 percent to $0.34 per share in the third quarter of 2010. This follows a 3.1 percent dividend hike by SWK last year.
The increased dividend is payable on September 21, 2010 to shareholders of record at the close of business on September 3, 2010. The ex-date for his next dividend of 34 cents per share is September 1, 2010.
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.