Stanley Black & Decker (SWK) will raise its quarterly dividend by 4.8 percent to $0.66 per share in 2018. This marks the 51st consecutive year of annual dividend increases by this Dividend Aristocrat.
The dividend is payable on Tuesday, September 18, 2018 to shareholders of record as of the close of business on Friday, September 7, 2018. The new annual dividend of $2.64 per share results in a dividend yield of 1.8% at a stock price of $138.69.
Stanley Black & Decker's President and CEO, James M. Loree, commented, "A strong and growing dividend reflects the continued cash generation potential of the company and 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."
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.