NEW BRITAIN, Conn., Oct. 24 /PRNewswire-FirstCall/ -- The Stanley Works
(NYSE: SWK) announced today that its Board of Directors approved a regular
fourth quarter cash dividend of $.30 per common share. The dividend is
payable on Tuesday, December 19, 2006 to shareowners of record on Friday,
December 8, 2006.
John F. Lundgren, Chairman and Chief Executive Officer, said: "A strong
cash dividend remains an important element of total shareowner return. We
are pleased that our cash flows enable us to fund our dividend while
simultaneously investing in our business operations. This is the 447th
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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