Dividend increase: Stanley

Article Excerpt

STANLEY BLACK & DECKER INC. $153 (New York symbol SWK; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 151.4 million; Market cap: $23.2 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools for consumers. In addition to Stanley, and Black & Decker, its top-selling brands include DeWalt, Craftsman and Irwin. Stanley will raise its quarterly dividend by 4.5%. Starting with the September 2019 payment, investors will receive $0.69 a share instead of $0.66. The new annual rate of $2.76 yields 1.8%. The company has paid dividends continuously for 143 years and has raised the annual rate each year for the past 52 years. Stanley Black & Decker is a buy. buy…