Stanley Black & Decker Inc. (NYSE:SWK) insider James J. Cannon sold 5,776 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $121.40, for a total value of $701,206.40. Following the sale, the insider now owns 39,756 shares of the company’s stock, valued at approximately $4,826,378.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a $0.58 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.91%.
Source: American Banking and Market News