Board Of Directors Approves Quarterly Cash Dividend Increase
To $0.81 Per Share
NEW
BRITAIN, Conn., July 27,
2023 /PRNewswire/ -- Stanley
Black & Decker (NYSE: SWK), a worldwide leader in
tools and outdoor, announced today that its Board of Directors
approved a $0.01 increase of its
quarterly cash dividend to $0.81 per
common share. The dividend is payable on Tuesday, September 19, 2023, to shareholders of
record as of the close of business on Tuesday, September 5, 2023.
Stanley Black & Decker's
President and CEO, Donald Allan,
Jr., commented, "We are pleased to announce this dividend
increase as our long-standing commitment to rewarding shareholders
through growing cash dividends is a key element of our overall
shareholder value proposition. This increase also demonstrates our
confidence in the Company's transformation focused on accelerating
long-term organic growth and margin expansion as well as generating
significant free cash flow to enhance shareholder return."
About Stanley Black &
Decker
Headquartered in the USA,
Stanley Black & Decker (NYSE:
SWK) is a worldwide leader in tools and outdoor operating
manufacturing facilities worldwide. Guided by its purpose – for
those who make the world – the company's more than 50,000 diverse
and high-performing employees produce innovative, award-winning
power tools, hand tools, storage, digital tool solutions, lifestyle
products, outdoor products, engineered fasteners and other
industrial equipment to support the world's makers, creators,
tradespeople and builders. The company's iconic brands include
DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®,
HUSTLER® and TROY-BILT®. Recognized for its leadership in
environmental, social and governance (ESG), Stanley Black & Decker strives to be a force
for good in support of its communities, employees, customers and
other stakeholders. To learn more visit:
www.stanleyblackanddecker.com
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995 regarding
future operating and financial performance. For these purposes,
forward-looking statements are statements that address activities,
events, conditions or developments that Stanley Black & Decker expects or
anticipates may occur in the future, including expectations around
its ongoing transformation and future results of operation and
financial position. You are cautioned not to rely on these
forward-looking statements, which are based on current expectations
of future events. All forward-looking statements involve risks,
uncertainties and other factors that may cause actual results to
differ materially from those expressed or implied in the
forward-looking statements. For important information about the
risks and uncertainties that could cause actual results to vary
materially from the assumptions, expectations, and projections
expressed in any forward-looking statements, review Stanley Black & Decker's most recently filed
reports on Form 10-K and Form 10-Q, including under the heading
"Risk Factors," as well as our other reports filed with the SEC.
Any forward-looking statement speaks only as of the date on which
it is made, and Stanley Black &
Decker does not undertake any obligation to update or release any
revisions to any forward-looking statement as a result of new
information or future events or developments.
Stanley Black & Decker
Investor Contacts
Dennis Lange
Vice President, Investor Relations
dennis.lange@sbdinc.com
(860) 827-3833
Cort Kaufman
Senior Director, Investor Relations
cort.kaufman@sbdinc.com
(860) 515-2741
Christina Francis
Director, Investor Relations
christina.francis@sbdinc.com
(860) 438-3470
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SOURCE Stanley Black &
Decker
