Stanley Black & Decker Announces 3rd Quarter 2024 Dividend
Stanley Black & Decker (NYSE: SWK), a leading Tools and Outdoor company, has announced a $0.01 increase in its quarterly cash dividend to $0.82 per common share.
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Rhea-AI Summary
Stanley Black & Decker (NYSE: SWK), a leading Tools and Outdoor company, has announced a $0.01 increase in its quarterly cash dividend to $0.82 per common share. The dividend will be payable on September 17, 2024, to shareholders of record as of September 3, 2024. This increase reflects the company's commitment to rewarding shareholders and demonstrates confidence in its transformation journey. The company is focusing on accelerating long-term organic growth, margin expansion, and generating significant free cash flow to enhance shareholder returns.
Positive
- Increased quarterly dividend by $0.01 to $0.82 per share
- Demonstrates confidence in company's transformation and financial stability
- Focus on long-term organic growth and margin expansion
- Commitment to generating significant free cash flow
Negative
- None.
Details
News Market Reaction – SWK
The recorded move for SWK in the trading session of this news was +6.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Board Of Directors Approves Quarterly Cash Dividend Increase To
Stanley Black & Decker's President and CEO, Donald Allan, Jr., commented, "Our long-standing commitment to rewarding shareholders through growing cash dividends is a key element of our overall shareholder value proposition. We are pleased to announce this dividend increase, which demonstrates our confidence in the Company's transformation journey focused on accelerating long-term organic growth and margin expansion as well as generating significant free cash flow to enhance shareholder return."
About Stanley Black & Decker
Headquartered in the
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future cash dividends and future operating and financial performance. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that Stanley Black & Decker expects or anticipates may occur in the future, including expectations around its future dividends, the ongoing transformation and future results of operation and financial position. You are cautioned not to rely on these forward-looking statements, which are based on current expectations of future events. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that might cause the Company's actual results, performance and achievements, or industry results to differ materially from statements contained in its forward-looking statements include, but are not limited to, changes in macroeconomic conditions and changes in customer preferences and demand. Additional factors that could cause such results, performance or achievements to differ materially from forward-looking statements are set forth in the Annual Report on Form 10-K and in the Quarterly Reports on Form 10-Q, including under the headings "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in the Consolidated Financial Statements and the related Notes. Any forward-looking statement speaks only as of the date hereof, and Stanley Black & Decker does not undertake any obligation to update or release any revisions to any forward-looking statement as a result of new information or future events or developments, except as required by law.
Stanley Black & Decker Investor Contacts | |
Dennis Lange | Christina Francis |
Vice President, Investor Relations | Director, Investor Relations |
(860) 827-3833 | (860) 438-3470 |
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SOURCE Stanley Black & Decker, Inc.
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