Stanley Black & Decker Board Approved A $0.01 Increase Of Its Quarterly Cash Dividend To $0.81/Share
Portfolio Pulse from Charles Gross
Stanley Black & Decker (NYSE:SWK) has announced a $0.01 increase in its quarterly cash dividend to $0.81 per share. The dividend will be payable on September 19, 2023, to shareholders of record as of September 5, 2023.
July 27, 2023 | 9:48 pm
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POSITIVE IMPACT
Stanley Black & Decker's dividend increase may attract more investors, potentially leading to a short-term increase in stock price.
Dividend increases are often seen as a sign of a company's strong financial health. As such, they can attract more investors, which can lead to an increase in demand for the company's stock and, consequently, a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100