Stanley Black & Decker Announces 1st Quarter Dividend

Rhea-AI Summary

Stanley Black & Decker (NYSE: SWK) has declared a regular first quarter cash dividend of $0.80 per common share, reinforcing its status as having the longest consecutive annual and quarterly dividend payments among industrial companies on the New York Stock Exchange. This dividend will be payable on March 21, 2023, to shareholders on record by the close of business on March 7, 2023. With over 50,000 employees, the company continues to lead in tools and outdoor manufacturing, driving innovation through its renowned brands such as DEWALT® and BLACK+DECKER®.

Positive

• Declared a regular cash dividend of $0.80 per share.
• Continues record of longest consecutive dividend payments among industrial companies.

Negative

• None.

News Market Reaction – SWK

-1.89%

1 alert

-1.89% News Effect

On the day this news was published, SWK declined 1.89%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW BRITAIN, Conn., Feb. 15, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular first 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, March 21, 2023, to shareholders of record as of the close of business on Tuesday, March 7, 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 in February 2023?

Stanley Black & Decker announced a dividend of $0.80 per common share.

When is the dividend payable for Stanley Black & Decker in 2023?

The dividend is payable on March 21, 2023.

What is the record date for Stanley Black & Decker's dividend payment?

The record date for the dividend payment is March 7, 2023.

How long has Stanley Black & Decker been paying dividends?

Stanley Black & Decker holds the record for the longest consecutive annual and quarterly dividend payments among industrial companies.