New Britain, Connecticut, July 16, 2010: Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a 3% increase of its quarterly cash dividend to $0.34 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, September 21, 2010 to shareholders of record as of the close of business on Friday, September 3, 2010.
John F. Lundgren, President and Chief Executive Officer, stated, “We are as focused as ever on the total return we deliver to shareholders. Stanley Black & Decker’s ability to generate consistent free cash flow and return a portion to shareholders by way of our dividend remains a key component to our capital allocation strategy.”
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com [1].
SOURCE
Stanley Black & Decker
Kate White, 860-827-3833
Director, Investor Relations
kate [dot] white [at] swkbdk [dot] com