Black & Decker Increases Share Repurchase Authorization by Four Million Shares; Purchases 4.3 Million Shares in Third Quarter 2007; Declares Regular Quarterly Cash Dividend

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Black & Decker Increases Share Repurchase Authorization by Four Million Shares; Purchases 4.3 Million Shares in Third Quarter 2007; Declares Regular Quarterly Cash Dividend

    TOWSON, Md., Oct. 17 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) announced that its Board of Directors increased the
Corporation's authorization under its stock repurchase program by 4.0
million shares. The Corporation repurchased approximately 4.3 million
shares in the third quarter and 5.4 million shares year-to-date. With the
additional shares authorized today, approximately 4.9 million shares remain
authorized for repurchase. In addition, its Board of Directors declared a
quarterly cash dividend of $0.42 per share of the Corporation's outstanding
common stock payable December 28, 2007, to stockholders of record at the
close of business on December 14, 2007.
    Black & Decker is a leading global manufacturer and marketer of power
tools and accessories, hardware and home improvement products, and
technology- based fastening systems.

SOURCE The Black & Decker Corporation

http://www.bdk.com
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CONTACT:
Mark M. Rothleitner, Vice President, Investor
Relations and Treasurer, +1-410-716-3979, or Roger A. Young, Vice
President, Investor and Media Relations, +1-410-716-3979, both of
The Black & Decker Corporation