Stanley Black & Decker Announces 2nd Quarter Preferred Stock Dividend

Rhea-AI Summary

Stanley Black & Decker (NYSE: SWK) announced a $12.50 dividend per preferred share for the second quarter, payable on May 17, 2021, to shareholders of record by May 14, 2021. This decision reflects the company's ongoing commitment to delivering value to its shareholders. As a diversified global provider of tools and security solutions, the company continues to demonstrate stability and confidence in its financial performance.

Positive

• $12.50 dividend per preferred share reflects confidence in financial stability.
• Dividend payment supports income for shareholders enhancing trust.

Negative

• None.

NEW BRITAIN, Conn., April 23, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a second quarter dividend of $12.50 per preferred share on its Series C Cumulative Perpetual Convertible Preferred Stock. The dividend payment date is May 17, 2021, to shareholders of record at the close of business on May 14, 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

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

 

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SOURCE Stanley Black & Decker

FAQ

What is the dividend amount for SWK in Q2 2021?

The dividend amount for SWK in Q2 2021 is $12.50 per preferred share.

When is the dividend payment date for SWK?

The dividend payment date for SWK is May 17, 2021.

What is the record date for SWK's dividend payment?

The record date for SWK's dividend payment is May 14, 2021.

How does the SWK dividend impact shareholders?

The SWK dividend provides income for shareholders, enhancing overall trust in the company.