NEW BRITAIN, Conn., Feb. 22 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced today that its Board of Directors approved a regular
first quarter cash dividend of $.29 per common share. The dividend is payable
on Tuesday, March 28, 2006 to shareowners of record on Wednesday, March 8,
2006.
John F. Lundgren, Chairman and Chief Executive Officer, said: "Our
business achieved strong earnings and cash flows again in 2005. That enables
us to continue our long history of providing a strong dividend as an important
element of total shareowner return. This is the 444th consecutive quarter in
which Stanley has paid a cash dividend, and we are truly proud of 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.
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
Company News On-Call:
http://www.prnewswire.com/comp/874363.html
CONTACT:
Gerry Gould, VP, Investor Relations, The
Stanley Works, +1-860- 827-3833, ggould@stanleyworks.com
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