The Stanley Works Announces 41st Consecutive Annual Cash Dividend Increase

Posted on: Friday, 18 July 2008, 12:00 CDT NEW BRITAIN, Conn., July 18 /PRNewswire-FirstCall/ -- The Stanley Works announced today that its Board of Directors approved an increase of 3.2% in its quarterly cash dividend to $.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, September 23, 2008 to shareowners of record on Friday, September 5, 2008. John F. Lundgren, Chairman and Chief Executive Officer, said: "The cash dividend is a key element of the total return we deliver to our shareowners. Our consistently strong cash flows enable us to continue increasing that dividend, while both maintaining debt levels consistent with our target range and pursuing... [read full story]