Dividends and Financial Performance
Stanley Black & Decker (NYSE: SWK), a leader in the tools and outdoor sectors, has officially announced its decision to offer a fourth-quarter cash dividend of $0.82 per common share. This announcement reflects the company's ongoing commitment to returning value to its shareholders while maintaining a strong financial position. By making this dividend payment, Stanley Black & Decker underscores its reputation for stability and reliability in the marketplace.
Historical Context of Dividends
The dividend approval by the Board of Directors continues Stanley Black & Decker's tradition of consistent and dependable dividend payments. This milestone showcases the company's leadership role among industrial organizations listed on the New York Stock Exchange. Shareholders can look forward to receiving their dividends, as the payment is scheduled for distribution to all shareholders on record by the end of the month. Such measures enhance shareholder confidence and highlight the company's robust performance.
Commitment to Shareholders
Stanley Black & Decker has a long-standing history of maintaining its dividend payments amidst changing market conditions. The decision to announce this fourth-quarter dividend showcases the company’s sustained growth trajectory. The firm’s consistent performance is a testament to its strategic planning and execution across various sectors, addressing both the immediate and longer-term needs of its customers and shareholders alike.
About Stanley Black & Decker
Founded in 1843, Stanley Black & Decker is a globally recognized leader in tools and outdoor solutions. With a robust employee base of approximately 50,000, the company operates numerous manufacturing facilities across various countries. Their extensive portfolio includes innovative products designed to meet the needs of builders, tradespeople, and do-it-yourself enthusiasts.
Innovative Product Offerings
The company is known for its comprehensive range of trusted brands, including DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. These brands synergistically enhance their market position by providing tools and equipment that are not only reliable but also cater to the diverse needs of the market.
Investor Relations and Company Contact
For inquiries related to investments, potential investors can reach out to the investor relations team. The team is dedicated to providing transparent and comprehensive information to stakeholders and potential investors about the company's financial performance and strategic initiatives. Those interested in further engagement may contact Dennis Lange, Vice President of Investor Relations, or Christina Francis, Director of Investor Relations, who are always willing to assist.
Frequently Asked Questions
What is the announced dividend amount for Q4 2024?
The Board of Directors approved a cash dividend of $0.82 per common share for the fourth quarter of 2024.
When will the dividend be paid to shareholders?
The dividend is expected to be paid to shareholders on December 17, 2024, for those on record by November 29, 2024.
What brands are associated with Stanley Black & Decker?
Stanley Black & Decker boasts a portfolio that includes popular brands such as DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®.
How many employees does Stanley Black & Decker have?
The company employs approximately 50,000 individuals globally across various manufacturing and operational facilities.
How can investors reach the investor relations team?
Investors can contact Dennis Lange or Christina Francis through the company's designated channels for any investment-related inquiries.
