Stanley Black & Decker Announces Dividend Increase To $0.50 Per Share
Stanley Black & Decker Announces Dividend Increase To $0.50 Per Share
NEW BRITAIN, Conn.--(BUSINESS WIRE)-- Stanley Black & Decker (NYS: SWK) announced today that its Board of Directors approved a $0.01 increase of its quarterly cash dividend to $0.50 per common share. This marks the 46th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 17, 2013 to shareholders of record as of the close of business on Friday, September 6, 2013.
Stanley Black & Decker's Chairman and CEO, John F. Lundgren, commented, "We are committed to returning cash to our shareholders through continued dividend growth. The dividend increase we announced today reflects our confidence in our ability to generate free cash flow and maintains our compelling dividend yield. This action, combined with our mission of building world-class branded franchises with sustainable strategic characteristics, is core to our shareholder value proposition."
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.
Stanley Black & Decker
Greg Waybright, 860-827-3833
Vice President, Investor & Government Relations
greg.waybright@sbdinc.com
KEYWORDS: United States North America Connecticut
INDUSTRY KEYWORDS:
The article Stanley Black & Decker Announces Dividend Increase To $0.50 Per Share originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
