NEW BRITAIN, Conn., July 18, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.03 increase of its quarterly cash dividend to $0.66 per common share. This marks the 51st consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 18, 2018 to shareholders of record as of the close of business on Friday, September 7, 2018.
Stanley Black & Decker's President and CEO, James M. Loree, commented, "A strong and growing dividend reflects the continued cash generation potential of the company and is a key element of our shareholder value proposition. I am pleased to continue this trend of consecutive increases, which maintains our compelling dividend payout."
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.