Stanley Black & Decker Announces 2nd Quarter 2026 Dividend and New Share Repurchase Authorization
Rhea-AI Summary
Stanley Black & Decker (NYSE: SWK) announced a regular second-quarter cash dividend of $0.83 per share, payable June 23, 2026, to holders of record June 8, 2026. The board also approved a $500 million common stock repurchase authorization expiring 36 months after April 23, 2026.
The prior authorization of up to 20 million shares was terminated effective April 23, 2026, with those 20 million shares still available under the prior program at termination. Repurchases may be executed in the open market, privately, or via accelerated programs and funded from cash, short-term borrowings, or other sources.
Positive
- Quarterly dividend set at $0.83 per share, payable June 23, 2026
- $500 million new share repurchase authorization, valid for 36 months
Negative
- Prior authorization of up to 20 million shares terminated while 20 million shares remained available
- Repurchases may be funded by short-term borrowings, potentially increasing leverage
News Market Reaction – SWK
In the Apr 27 session, SWK gained 4.20%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 23 | AI skills initiative | Positive | +0.4% | DEWALT survey on AI skills gap and launch of education initiatives and grants. |
| Apr 20 | Tariff impact update | Positive | +5.3% | Company states Section 232 tariff changes not expected to materially hit 2026 guidance. |
| Apr 07 | Innovation ranking | Positive | -0.5% | Recognition among America’s Most Innovative Companies with highlighted product advances. |
| Apr 06 | Business divestiture | Positive | -1.0% | Completion of CAM sale for about $1.8B cash, with proceeds earmarked for debt reduction. |
| Mar 26 | Earnings date notice | Neutral | -2.8% | Announcement of first quarter 2026 earnings release and webcast timing details. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company-specific news has drawn mixed reactions, with some positive updates sold into (e.g., portfolio divestiture, innovation rankings) while tariff-related reassurance produced a stronger positive move.
Over the past month, SWK has issued several updates: a CAM business sale for about $1.8B cash with planned debt reduction and capital allocation flexibility, an earnings call schedule for April 29, 2026, recognition among America’s Most Innovative Companies, and commentary that Section 232 tariff changes should not materially affect 2026 guidance. The current dividend and $500M buyback authorization continue this shareholder-focused capital allocation narrative following the CAM divestiture.
Key Terms
common stock repurchase authorization financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
In addition, the Company announced today that its Board of Directors, on April 23, 2026, approved a
The Company may repurchase shares through open market purchases, privately negotiated transactions or share repurchase programs, including one or more accelerated share repurchase programs (under which an initial payment for the entire repurchase amount may be made at the inception of the program). Such repurchases may be funded from cash on hand, short-term borrowings or other sources of cash at the Company's discretion. The Company is under no obligation to repurchase any shares pursuant to the authorization and repurchases may be suspended or terminated at any time at the Company's discretion. The amount and timing of repurchases are subject to a variety of factors including liquidity, share price, market conditions, and legal requirements.
Cautionary Statement on Forward-Looking Language
Forward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, are made in this press release. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions elsewhere in this press release. All forward-looking statements are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, unanticipated developments that prevent, delay or negatively impact the repurchases and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's risk factors and cautionary statements contained in its filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgment as of the date of this press release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
About Stanley Black & Decker
Founded in 1843 and headquartered in the
Stanley Black & Decker Investor Contacts | |
Michael Wherley | Christina Francis |
Vice President, Investor Relations | Senior Director, Investor Relations |
(860) 827-3833 | (860) 438-3470 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/stanley-black--decker-announces-2nd-quarter-2026-dividend-and-new-share-repurchase-authorization-302753345.html
SOURCE Stanley Black & Decker, Inc.