Stanley Black & Decker, Inc. (NYSE: SWK) is included among the The best dividend shares for a dividend champions list.
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Stanley Black & Decker, Inc. (NYSE: SWK) is a family name in tools and hardware, with a story that dates back to more than a century. Its portfolio includes some of the most familiar brands in space, such as Stanley, Black+Decker and Craftsman.
The last years have been a trip full of potholes. When the pandemic hit, the demand for home improvements and DIY projects exploded, and sales took off. Mounting that wave, Stanley Black & Decker, Inc. (NYSE: SWK) doubled, assuming debts and spending almost $ 2 billion on acquisitions at the end of 2021. But the increase did not last. Much of the lawsuit had simply retired, already measure that the conditions were normalized, sales retreated. The action has lost more than half of its value in the last five years, a strong investment of its maximums of the pandemic era.
Today, most of the income still comes from tools and products outdoors, which remain the company’s core. In 2024, sales reached $ 15.4 billion, approximately flat with the previous year once it eliminates the effects of acquisitions, divestments and foreign exchange changes.
That said, Stanley Black & Decker, Inc. (NYSE: SWK) is a king of dividends, which means that the company has been increasing its payments annually for 59 years. This is one of the longest growth gusts in the market, and it was certainly not easy to achieve, considering the recent performance of the company. This shows that his balance is also in his place to support his future payments. Currently, it offers a quarterly dividend of $ 0.83 per share for a dividend yield of 4.48%, as recorded on October 2.
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Read below: 12 Best Reit Dividend Shares to Buy Now and 11 best affordable dividend shares to buy now.
Disclosure: None.
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