Stanley Black & Decker (SWK) will raise its quarterly dividend 19.5 percent to $0.49 per share in 2012. This follows a 20.6 percent dividend hike by SWK last year.
This also marks the first dividend hike by the company since the first quarter of 2011, when the dividend was increased by 7 cents to 41 cents per share quarterly.
The increased dividend is payable on September 18, 2012 to shareholders of record at the close of business on September 7, 2012. The ex-date for his next dividend of 41 cents per share is September 5, 2012.
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.