Key updates for dividend investors

Article Excerpt

STANLEY BLACK & DECKER INC. $119 is a buy. The company (New York symbol SWK; Conservative Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 151.0 million; Market cap: $18.0 billion; Dividend yield: 2.7%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools. With the September 2021, payment, Stanley raised your quarterly dividend by 12.9%, to $0.79 a share from $0.70. The new annual rate of $3.16 a share yields 2.7%. The company will now sell its automatic doors business, Access Technologies, to Allegion plc (New York symbol ALLE) for $900 million. The sale is part of its strategy to focus on its main tools and industrial products businesses. The company will use the cash to fund a new plan to buy back $4.0 billion of its shares in 2022. Stanley Black & Decker is a buy. NEWELL BRANDS INC. $20 remains a hold. The consumer products maker (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 413.5…