NEW BRITAIN, Conn., April 23 /PRNewswire-FirstCall/ -- The Stanley
Works (NYSE: SWK) announced today that its Board of Directors approved a
regular second quarter cash dividend of $.31 per common share. This extends
the company's records for the longest consecutive annual and quarterly
dividend payments among industrial companies listed on the New York Stock
Exchange. The dividend is payable on Tuesday, June 24, 2008 to shareowners
of record on Wednesday, June 4, 2008.
John F. Lundgren, Chairman and Chief Executive Officer, said: "Strong
cash flows continue to validate the high quality of our earnings as well as
the importance of a renewed focus on working capital management. We
recognize our cash dividend as an important element of total shareowner
return, while maintaining debt levels consistent with our target range and
actively pursuing an acquisition program to further strengthen our
portfolio of growth businesses. This is the 453rd consecutive quarter in
which Stanley has paid a cash dividend. We are proud of our long dividend
history and of extending that record."
The Stanley Works, an S&P 500 company, is a diversified worldwide
supplier of tools and engineered solutions for professional, industrial,
construction and do-it-yourself use, and security solutions for commercial
applications.
More information about The Stanley Works can be found at
http://www.stanleyworks.com.
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
 back to top
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
|
