NEW BRITAIN, Conn., Oct. 17 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced today that its Board of Directors approved a regular
fourth quarter cash dividend of $.32 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, December 16, 2008 to shareowners of
record on Friday, December 5, 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. This is
the 455th consecutive quarter in which Stanley has paid a cash dividend. We
are proud of our long dividend history and of extending that record
particularly in today's difficult economic environment."
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: Greg Waybright
Interim VP, Investor Relations
(860) 827-3544
gwaybright@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
CONTACT:
Greg Waybright, Interim VP, Investor
Relations, +1-860-827-3544, gwaybright@stanleyworks.com
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