Stanley Black & Decker Announces 1st Quarter Preferred Stock Dividend

Rhea-AI Summary

Stanley Black & Decker (NYSE: SWK) has announced a first-quarter dividend of $12.50 per preferred share on its Series C Cumulative Perpetual Convertible Preferred Stock. The dividend will be paid on February 15, 2021, to shareholders recorded by the end of February 12, 2021. This decision highlights the company's commitment to returning value to its shareholders. Stanley Black & Decker, an S&P 500 company, operates as a diversified provider of tools, security solutions, and healthcare products.

Positive

• Dividend of $12.50 per preferred share demonstrates commitment to shareholder value.
• Stable dividend payment reflects confidence in financial performance.

Negative

• None.

NEW BRITAIN, Conn., Jan. 25, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a first quarter dividend of $12.50 per preferred share on its Series C Cumulative Perpetual Convertible Preferred Stock. The dividend payment date is February 15, 2021, to shareholders of record at the close of business on February 12, 2021 or, in each case, as otherwise determined in accordance with the terms of the Series C Convertible Perpetual Preferred Stock.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts

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

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

 

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SOURCE Stanley Black & Decker

FAQ

What is the dividend amount announced by SWK for Q1 2021?

Stanley Black & Decker announced a dividend of $12.50 per preferred share for Q1 2021.

When will the dividend for SWK be paid?

The dividend will be paid on February 15, 2021.

What is the record date for SWK's dividend?

The record date for the dividend is February 12, 2021.

Is the dividend from SWK sustainable?

The announcement of the dividend suggests that Stanley Black & Decker has confidence in maintaining its financial health.