Stanley Black & Decker Announces 1st Quarter 2024 Dividend

Rhea-AI Summary

Stanley Black & Decker (SWK) declares a regular first quarter cash dividend of $0.81 per common share, maintaining its impressive streak of consecutive annual and quarterly dividend payments. The dividend will be paid on March 19, 2024, to shareholders of record as of March 8, 2024.

Insights

Financial Analyst

The announcement of Stanley Black & Decker's quarterly cash dividend payment is a testament to the company's financial stability and commitment to returning value to shareholders. The dividend of $0.81 per common share, while seemingly modest, is a crucial indicator of the company's consistent cash flow and its ability to maintain a steady stream of income for investors. This consistency is particularly noteworthy as it contributes to the company's reputation on the New York Stock Exchange as a reliable dividend payer.

Dividends are often seen as a reflection of a company's confidence in its current financial health and future prospects. The continuation of such payments can reassure investors, especially during volatile market conditions. However, it is important for investors to consider the dividend yield in relation to the stock price, as well as the payout ratio, which indicates the proportion of earnings being returned to shareholders as dividends. A payout ratio that is too high could signal that the company is not reinvesting enough into its own growth.

Market Research Analyst

From a market perspective, Stanley Black & Decker's record as the longest consecutive dividend payer among industrial companies listed on the New York Stock Exchange underscores its market position and could influence investor sentiment. Dividend consistency and longevity can be a draw for income-focused investors, particularly in sectors where such reliability is prized.

However, it is also critical to assess the dividend in the context of the overall industry and the company's financial performance relative to its peers. Factors such as market share, innovation and operational efficiency play a significant role in sustaining dividend payments over the long term. Investors should also be aware of the company's growth initiatives and capital allocation strategies, which can affect future dividend sustainability and growth.

NEW BRITAIN, Conn., Feb. 27, 2024 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in Tools and Outdoor, announced today that its Board of Directors approved a regular first quarter cash dividend of $0.81 per common share. This extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, March 19, 2024, to shareholders of record as of the close of business on Friday, March 8, 2024.

About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The company's more than 50,000 diverse and high-performing employees produce innovative, and end-user inspired power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products and engineered fasteners to support the world's makers, creators, tradespeople and builders. The company's world class portfolio of trusted brands includes DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and CUB CADET®. To learn more visit: www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts
Dennis Lange	Christina Francis
Vice President, Investor Relations	Director, Investor Relations
dennis.lange@sbdinc.com	christina.francis@sbdinc.com
(860) 827-3833	(860) 438-3470

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SOURCE Stanley Black & Decker

FAQ

What dividend has Stanley Black & Decker (SWK) declared for the first quarter?

Stanley Black & Decker (SWK) has declared a regular first quarter cash dividend of $0.81 per common share.

When will the dividend be paid to shareholders of Stanley Black & Decker (SWK)?

The dividend will be paid on March 19, 2024, to shareholders of record as of March 8, 2024.

What is the record of Stanley Black & Decker (SWK) in terms of dividend payments among industrial companies on the NYSE?

Stanley Black & Decker (SWK) holds the record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the NYSE.