The Stanley Works is a manufacturer of tools and engineered security solutions worldwide including hand tools, measuring and leveling tools, planes, consumer mechanics tools consisting of wrenches and sockets, etc, that are used for construction,. The Stanley Works trades on the “New York Stock Exchange” under the Stock Symbol,”SWK”. For the Latest Market Moving News regarding “SWK”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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The Stanley Works (NYSE:SWK) announced today that its Board of Directors approved a regular first quarter cash dividend of $.33 per common share. This extends the company’s records for the longest uninterrupted yearly and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on March 23, 2010 to shareowners of record on March 3, 2010
About Stanley Works:
The Stanley Works manufactures tools and engineered security solutions worldwide. The company’s Construction & Do-It-Yourself segment manufactures hand tools, including measuring and leveling tools, planes, hammers, demolition tools, knives and blades, screwdrivers, saws, chisels, and consumer tackers and staples; consumer mechanics tools consisting of wrenches and sockets; storage units comprising plastic tool boxes and storage systems; and pneumatic tools and fasteners that are used for construction, remodeling, furniture making, pallet manufacturing, and other applications. This segment sells its products to professional end users and consumers through retailers, including home centers, mass merchants, hardware stores, and retail lumber yards. Its Security segment provides a range of mechanical and electronic security products and systems, as well as various security services consisting of security integration systems, software, related installation, maintenance, monitoring services, automatic doors, door closers, exit devices, hardware, and locking mechanisms. This segment sells its products to retailers; educational, financial, and healthcare institutions; and commercial, governmental, and industrial customers through direct sales forces and third party distributors. The company’s Industrial segment offers mechanics tools and storage systems, including wrenches, sockets, electronic diagnostic tools, tool boxes, and industrial storage and retrieval systems; engineered healthcare storage systems to store and track clinical supplies; hydraulic tools and accessories; plumbing, heating, and air conditioning tools; assembly tools and systems comprising electric and pneumatic assembly tools; and specialty tools for assembling, repairing, and testing electronic equipment. This segment sells its products to industrial customers through third party distributors and direct sales forces. The company was founded in 1843 and is based in New Britain, Connecticut.
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