NEW BRITAIN, Conn., Oct. 19 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced today that its Board of Directors approved a regular
fourth 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, December 18, 2007 to shareowners of
record on Friday, December 7, 2007.
John F. Lundgren, Chairman and Chief Executive Officer, said: "Our cash
dividend remains an important element of the total return we deliver to our
shareowners. We are pleased that recent strong cash flows enable us to
provide that dividend while maintaining debt levels consistent with our
target range and while pursuing an acquisition program that continually
strengthens our portfolio of growth businesses. This is the 451st
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 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.
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
|
