Stanley Black & Decker (SWK) will raise its quarterly dividend by 4.5 percent to $0.69 per share in 2019. This marks the 52nd consecutive year of annual dividend increases by this Dividend Aristocrat.
The next dividend is payable on Tuesday, September 17, 2019 to shareholders of record as of the close of business on Tuesday, September 3, 2019. A new annual rate of $2.76 yields 1.9% at a stock price of $142.
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 is a global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions and engineered fastening systems. Its brands include Stanley, SIDCHROME, AeroScout, DEWALT, Newell Tools, Proto and Craftsman, Irwin Tools, Lenox, Craftsman, BLACK+DECKER, SONITROL, Facom, Warren, GRIPCO, Porter-Cable, BOSTITCH, Lista and WanderGuard. The company has increased dividends every year since 1968 and the record of annual dividend payments is the longest of any industrial company listed on the New York Stock Exchange.