NEW BRITAIN, Conn., April 25 /PRNewswire-FirstCall/ -- The Stanley
Works (NYSE: SWK) announced today that its Board of Directors approved a
regular second quarter cash dividend of $.30 per common share. The dividend
is payable on Tuesday, June 26, 2007 to shareowners of record on Wednesday,
June 6, 2007.
John F. Lundgren, Chairman and Chief Executive Officer, said: "The
strong earnings and cash flows delivered by our business in recent years
enable us to fund our cash dividend, an important element of total
shareowner return, while simultaneously investing in our business
operations. This is the 449th 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.
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,
+1-860-827-3833, ggould@stanleyworks.com
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