Updating your Conservative-Growth Payers: Stanley Black & Decker Inc.

Article Excerpt

STANLEY BLACK & DECKER INC. $98 remains a buy. This company (New York symbol SWK; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 154.0 million; Market cap: $15.1 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.stanleyblackanddecker.com) started up in 1843 and is now 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 last raised its quarterly dividend by 4.5% with the September 2019 payment. Investor now receive $0.69 a share instead of $0.66. The new annual rate of $2.76 yields 2.8%. The company has paid dividends continuously for 141 years, and has raised the annual rate each year for the past 52 years. The company has a long history of using acquisitions to fuel growth for investors. In January 2020, it agreed to buy Consolidated Aerospace Manufacturing for $1.5 billion. That firm supplies specialty fasteners & components to Boeing Co. (New York symbol…

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