NEW BRITAIN, Conn., Feb. 21 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced today that its Board of Directors approved a regular
first quarter cash dividend of $.30 per common share. The dividend is
payable on Tuesday, March 27, 2007 to shareowners of record on Wednesday,
March 7, 2007.
John F. Lundgren, Chairman and Chief Executive Officer, said: "Our
business delivered strong earnings and cash flows again in 2006. This
enables us to fund our dividend -- an important element of total shareowner
return -- while simultaneously investing in our business operations. This
is the 448th consecutive quarter in which Stanley has paid a cash dividend.
We are truly proud of our long dividend history and of extending that
record."
The Stanley Works, an S&P 500 company, is a worldwide supplier of
tools, hardware and security solutions for professional, industrial and
consumer use.
Contact: Gerry Gould
VP, Investor Relations
(860) 827-3833
ggould@stanleyworks.com
The Stanley Works corporate press releases are available in the
Investor Relations section of the company's Internet web site at
http://www.stanleyworks.com.
SOURCE The Stanley Works
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Related links:
http://www.StanleyWorks.com/
http://www.prnewswire.com/comp/874363.html/
CONTACT:
Gerry Gould, VP, Investor Relations of The
Stanley Works, +1-860-827-3833, ggould@stanleyworks.com
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