NEW BRITAIN, Conn., July 19, 2017 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.05 increase of its quarterly cash dividend to $0.63 per common share. This marks the 50th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 19, 2017 to shareholders of record as of the close of business on Friday, September 1, 2017.
Stanley Black & Decker's President and CEO, James M. Loree, commented, "A strong and growing dividend continues to be a critical component of our shareholder value proposition. I am pleased to continue the trend of consecutive increases, which has now spanned five decades."
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
Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com
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SOURCE Stanley Black & Decker