Stanley Black & Decker approves $0.83 dividend and $500M stock buyback program

Stanley Black & Decker announced a second quarter cash dividend of $0.83 per share payable on June 23, 2026, to shareholders recorded by June 8. The company also approved a new $500 million common stock repurchase authorization valid for 36 months, replacing a previous unused 20 million share buyback plan. This move allows flexible share repurchases funded by cash or borrowings, subject to market conditions and company discretion. These actions reflect the company's strategy to return value to shareholders while managing capital efficiently.