20 Best Dividend Growth Stocks with High Yields

9. Stanley Black & Decker, Inc. (NYSE:SWK)

Dividend Yield as of May 13: 5.23%

Stanley Black & Decker, Inc. (NYSE:SWK) is an American manufacturing company that specializes in industrial tools, household hardware, and security products. The company reported an earnings beat in the first quarter of 2025. Its revenue of $3.74 billion surpassed analysts’ estimates by $24.8 million. The company posted an EPS of $0.75, which also beat consensus by $0.09.

In its earnings call, Stanley Black & Decker, Inc. (NYSE:SWK) mentioned that the company began the year on strong footing, reporting a solid first quarter marked by one point of organic revenue growth and improved gross margins compared to the previous year, both reflecting steady progress toward its strategic goals. The company also continued its trend of revenue gains for its professional-grade DEWALT brand.

Stanley Black & Decker, Inc. (NYSE:SWK) ended the quarter with $344.8 million available in cash and cash equivalents, up from $290.5 million at the end of December 2024. The company declared a quarterly dividend of $0.82 on April 25, which fell in line with its previous dividend. It has been making regular dividend payments to shareholders for the past 148 years and has raised its payouts for 58 consecutive years. With a dividend yield of 5.23%, as of May 13, SWK is one of the best dividend stocks on our list.