Stanley Black & Decker Announces 4th Quarter Preferred Stock Dividend

Rhea-AI Summary

On October 13, 2020, Stanley Black & Decker (NYSE: SWK) announced a $12.50 dividend on its Series C Cumulative Perpetual Convertible Preferred Stock for the fourth quarter. The payment date is set for November 16, 2020, for shareholders on record as of November 13, 2020. As an S&P 500 company, Stanley Black & Decker is recognized as a leading global provider of tools and related solutions. This dividend reflects the company's commitment to providing value to its shareholders.

Positive

• $12.50 dividend per preferred share for Q4
• Dividend payment date set for November 16, 2020
• Affirms commitment to shareholder value

Negative

• None.

NEW BRITAIN, Conn., Oct. 13, 2020 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a fourth quarter dividend of $12.50 per preferred share on its Series C Cumulative Perpetual Convertible Preferred Stock. The dividend payment date is November 16, 2020, to shareholders of record at the close of business on November 13, 2020.

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?

The announced dividend amount is $12.50 per preferred share.

When will SWK pay the dividend?

The dividend will be paid on November 16, 2020.

What is the record date for the dividend payment by SWK?

The record date for the dividend payment is November 13, 2020.

Is the dividend from SWK sustainable?

The press release does not provide specific details on the sustainability of the dividend.