Stanley Black & Decker Announces 1st Quarter Dividend

Rhea-AI Summary

On February 16, 2022, Stanley Black & Decker (NYSE: SWK) announced a regular first quarter cash dividend of $0.79 per common share. This move extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies on the NYSE. Shareholders of record as of March 8, 2022 will receive the dividend on March 22, 2022. Stanley Black & Decker operates nearly 50 manufacturing facilities in the USA and over 100 globally, producing a wide range of power tools and other industrial equipment.

Positive

• Dividend of $0.79 per share signals strong financial health.
• Maintains record for longest consecutive dividend payments among industrial firms.
• Broad operational footprint with nearly 50 facilities in the USA ensures production efficiency.

Negative

• None.

NEW BRITAIN, Conn., Feb. 16, 2022 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular first quarter cash dividend of $0.79 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 22, 2022 to shareholders of record as of the close of business on Tuesday, March 8, 2022.

Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world's largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company's more than 60,000 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 for SWK in the first quarter of 2022?

Stanley Black & Decker declared a dividend of $0.79 per share for the first quarter of 2022.

When is the dividend payment date for SWK?

The dividend is payable on March 22, 2022, to shareholders of record as of March 8, 2022.

How long has SWK been paying dividends?

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