Stanley Black & Decker, Inc. (NYSE:SWK) Shares to Pay Quarterly Dividend of $0.84

Key Points

• Stanley Black & Decker declared a quarterly dividend of $0.84 per share, payable December 22 to shareholders of record December 1. The annualized dividend is $3.36 per share, representing a 3.2% yield.
• The dividend appears supported by earnings, with a current payout ratio of 59.5% and an expected future payout ratio of 54.3% based on projected earnings of $6.19 per share.
• In its latest quarterly results, the company reported adjusted EPS of $1.57, beating analysts’ $1.21 estimate, while revenue totaled $3.96 billion, roughly in line with expectations.

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, December 1st will be given a dividend of $0.84 per share by the industrial products company on Tuesday, December 22nd. This represents a $3.36 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

Stanley Black & Decker has a payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stanley Black & Decker to earn $6.19 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 54.3%.

Stanley Black & Decker Stock Up 3.3%

SWK stock opened at $103.64 on Friday. The firm has a market cap of $15.65 billion, a PE ratio of 19.26, a P/E/G ratio of 1.49 and a beta of 1.17. Stanley Black & Decker has a 12 month low of $61.90 and a 12 month high of $104.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $93.35 and a 200 day simple moving average of $85.50.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. Equities research analysts forecast that Stanley Black & Decker will post 5.59 earnings per share for the current fiscal year.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.

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