Stanley Black & Decker Raises Quarterly Dividend to $0.83, OKs $500M Buyback
Stanley Black & Decker's board approved a $0.83 quarterly cash dividend per share, payable June 23, 2026 to shareholders of record June 8, 2026. It also authorized a $500 million common stock repurchase plan expiring April 2029, replacing its unused 20 million-share buyback authorization.
1. Dividend Approval and Schedule
The board approved a second quarter cash dividend of $0.83 per common share, payable June 23, 2026 to shareholders of record as of the close of business on June 8, 2026.
2. New Share Repurchase Authorization
On April 23, 2026, the board authorized a new common stock repurchase program of up to $500 million, effective immediately and expiring 36 months from approval, replacing the previous 20 million-share authorization that remained entirely available.
3. Repurchase Mechanisms and Discretion
Repurchases may occur via open market trades, negotiated transactions or accelerated share programs, funded by cash on hand, short-term borrowings or other sources; the company retains discretion to suspend, terminate or adjust the timing and amount of repurchases based on liquidity, market conditions and legal requirements.