Stanley Black & Decker (SWK) will raise its quarterly dividend by 20.6 percent to $0.41 per share in the first quarter of 2011. This follows a 3.0 percent dividend hike by SWK last year.
The increased dividend is payable on March 22, 2011 to shareholders of record at the close of business on March 2, 2011. The ex-date for his next dividend of 49 cents per share is February 28, 2011.
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.