Entering text into the input field will update the search result below

Dividend Aristocrats In Focus Part 28: Stanley Black & Decker

Sure Dividend profile picture
Sure Dividend


  • Stanley Black & Decker has paid increasing dividends for 50 consecutive years.
  • The company has a strong and durable competitive advantage in its industry.
  • But is the valuation reasonable?

By Bob Ciura

Investors looking for dividend income and sustainable growth should start with the Dividend Aristocrats.

There are 51 Dividend Aristocrats, which have raised their dividends for 25+ consecutive years. You can see all 51 Dividend Aristocrats here.

Every year, we review each of the Dividend Aristocrats. This time, diversified industrial Stanley Black & Decker (NYSE:SWK) steps up to the plate.

Stanley Black & Decker has an amazing track record of dividend growth. In 2017, Stanley Black & Decker increased its dividend for the 50th year in a row.

In doing so, it joined the ranks of an even more exclusive club than the Dividend Aristocrats. Stanley Black & Decker is now a member of the Dividend Kings, a group of just 22 companies with 50+ consecutive years of dividend increases. You can see all 23 Dividend Kings here.

Put simply, the Dividend Kings are the best of the best. This article will discuss the qualities that have made Stanley Black & Decker a Dividend King.

Business Overview

Stanley Black & Decker has a market capitalization of $24.7 billion, and annual sales of more than $11 billion. It operates three business segments, which are Tools & Storage, Security, and Industrial products.

Source: 5th Annual Morgan Stanley Laguna Conference, page 4

Stanley Black & Decker is the result of Stanley Works’ $3.5 billion acquisition of Black & Decker in 2009. Stanley Works and Black & Decker were both named after their respective founders.

Stanley Works was formed in 1843, when Frederick Stanley started a small shop in New Britain, Connecticut, where he manufactured bolts, hinges, and other hardware. His products developed a reputation for their quality.

Meanwhile, Black & Decker was started by Duncan Black and Alonzo Decker in 1910. Like Stanley, they opened a small hardware shop. In 1916, they obtained a patent to manufacture the

This article was written by

Sure Dividend profile picture
Sure Dividend helps individual investors find high quality dividend growth stocks with strong competitive advantages suitable for long-term holding. The authors who write for Sure Dividend on Seeking Alpha are as follows:Bob CiuraBen ReynoldsJosh Arnold

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.