The company scheduled the payment for September 22, with the eligibility cutoff for investors arriving on September 8. Based on the stock’s closing price of $87.41 on Thursday, this adjustment reflects an annualized dividend yield of approximately 3.8 percent. With the new rate in effect, the total annual payout per share reaches $3.36.
Stanley Black & Decker Lifts Dividend to 84 Cents
Shareholders of Stanley Black & Decker are set to receive a slightly higher payout this autumn as the tool manufacturer bumps its quarterly cash dividend by 1.2 percent. The increase brings the dividend to 84 cents per share, up from the previous 83-cent distribution.
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