Stanley Black & Decker Announces 1st Quarter Dividend

Stanley Black & Decker (NYSE: SWK) announced a regular first quarter cash dividend of $0.70 per common share, marking its status as a leader in consecutive annual and quarterly dividend payments among industrial firms on the New York Stock Exchange.

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Rhea-AI Summary

Stanley Black & Decker (NYSE: SWK) announced a regular first quarter cash dividend of $0.70 per common share, marking its status as a leader in consecutive annual and quarterly dividend payments among industrial firms on the New York Stock Exchange. This dividend is scheduled for payment on March 23, 2021, to shareholders of record as of March 9, 2021. The company continues to show confidence in returning value to its shareholders, underlining its robust financial position.

Positive

First quarter cash dividend of $0.70 per share demonstrates financial stability.
Maintains the longest consecutive annual and quarterly dividend payments among industrial companies.

Negative

None.

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News Market Reaction – SWK

The recorded move for SWK in the trading session of this news was +1.80%.

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02/18/2021 - 05:19 PM

NEW BRITAIN, Conn., Feb. 18, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a regular first quarter cash dividend of $0.70 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 23, 2021 to shareholders of record as of the close of business on Tuesday, March 9, 2021.

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