Stanley Black & Decker As of July 26, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
SWK $3.20 1.3% 12.9% 1.4%
Business yield Hike yrs 5 yr CAGR freq. paid since
Hand & Power Tools 2.8% 55 4.9% Quarter 1877
Stanley Black & Decker hikes dividend by 12.9%

Stanley Black & Decker (SWK) will raise its quarterly dividend by 12.9 percent to 79 cents per share in 2021. This follows a dividend hike of 1.4 percent to 70 cents per share in 2020 and marks the 54th consecutive year of annual dividend increases by this Dividend Aristocrat.

The next dividend of $0.70 per share is payable on, September 21, 2021 to shareholders of record as of the close of business on September 7, 2021. A new annual rate of $3.16 per share yields 1.6% at a stock price of $204.

Stanley Black & Decker's CEO, James M. Loree, commented, "I am pleased to continue our trend of consecutive annual dividend increases, which reflects the continued confidence we have in the cash generation potential of the company.  A strong and growing dividend is a key element of our shareholder value proposition, and is consistent with our capital deployment philosophy to deliver approximately half of our excess capital to shareholders over the long term."

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.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Aug 16 PCAR 1.6% 0.0%
Aug 16 ED 3.3% 1.9%
Aug 16 TGT 2.8% 20.0%
Aug 17 LH 1.2% 0.0%
Aug 17 CNP 2.4% 0.0%
Aug 17 MSFT 1.0% 0.0%
Aug 17 PSX 4.5% 5.4%
Aug 17 NLSN 1.0% 0.0%
Aug 18 WBA 4.9% 0.5%
Aug 18 SHW 0.9% 9.1%