NEW BRITAIN, Conn.--(BUSINESS WIRE)--Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.02 increase of its quarterly cash dividend to $0.52 per common share. This marks the 47th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 16, 2014 to shareholders of record as of the close of business on Friday, September 5, 2014.
Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented, “A strong and growing dividend remains a cornerstone of our shareholder value proposition. The increase we announced today reflects our confidence in our ability to generate free cash flow and maintains our compelling dividend yield.”
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.
