Stanley Black & Decker Announces 2nd Quarter Dividend

Rhea-AI Summary

Stanley Black & Decker (NYSE: SWK) has announced a second quarter cash dividend of $0.80 per common share, reinforcing its position as a leader in industrial dividend payments. This declaration extends the company's streak of consecutive annual and quarterly dividend payments, the longest among industrial firms on the New York Stock Exchange. The dividend is set for payment on June 20, 2023, with shareholders of record as of the close of business on June 5, 2023.

This announcement highlights the company’s commitment to returning value to its shareholders while maintaining its strong market presence in tools and outdoor product manufacturing.

Positive

• Dividend of $0.80 shows commitment to shareholder returns.
• Long-standing history of consecutive dividend payments boosts investor confidence.

Negative

• None.

NEW BRITAIN, Conn., April 21, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular second quarter cash dividend of $0.80 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, June 20, 2023 to shareholders of record as of the close of business on Monday, June 5, 2023.

About Stanley Black & Decker

Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a worldwide leader in tools and outdoor operating manufacturing facilities worldwide. Guided by its purpose – for those who make the world – the company's more than 50,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world's makers, creators, tradespeople and builders. The company's iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®, HUSTLER® and TROY-BILT®. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com

Stanley Black & Decker Investor Contacts

Dennis Lange
Vice President, Investor Relations
dennis.lange@sbdinc.com
(860) 827-3833

Cort Kaufman
Senior Director, Investor Relations
cort.kaufman@sbdinc.com
(860) 515-2741

Christina Francis
Director, Investor Relations
christina.francis@sbdinc.com 
(860) 438-3470

 

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SOURCE Stanley Black & Decker

FAQ

What is the dividend amount announced by Stanley Black & Decker for Q2 2023?

The announced dividend amount is $0.80 per common share.

When will the Q2 2023 dividend be paid?

The dividend will be paid on June 20, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is June 5, 2023.

How does Stanley Black & Decker's dividend history compare to other industrial companies?

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