Stanley Black & Decker, Inc. (SWK) to Issue Quarterly Dividend of $0.83 on December 16th

Stanley Black & Decker, Inc. (NYSE:SWK) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Monday, December 1st will be given a dividend of 0.83 per share by the industrial products company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, December 1st.

Stanley Black & Decker has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 58 years. Stanley Black & Decker has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stanley Black & Decker to earn $6.29 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 52.8%.

Stanley Black & Decker Stock Down 0.5%

NYSE SWK opened at $71.51 on Friday. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $91.06. The stock has a market capitalization of $11.08 billion, a PE ratio of 22.70, a PEG ratio of 1.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The business’s 50-day moving average is $69.58 and its 200 day moving average is $70.44.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Sell-side analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Several large investors have recently made changes to their positions in SWK. Princeton Global Asset Management LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $25,000. 1248 Management LLC bought a new stake in Stanley Black & Decker in the first quarter worth $26,000. Chapman Financial Group LLC purchased a new stake in shares of Stanley Black & Decker in the second quarter worth $26,000. CYBER HORNET ETFs LLC bought a new position in shares of Stanley Black & Decker during the second quarter valued at $28,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $30,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.