5 Best Dividend-Paying Stocks To Buy Now

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

Dividend Yield as of July 5: 2.99%

Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturing company that specializes in industrial tools, household, and other security products.

Stanley Black & Decker, Inc. (NYSE:SWK) is one of the best dividend-paying stocks to buy now as it hasn’t missed a dividend payment since 1876 and holds a 54-year track record of consistent dividend growth. The company’s payout ratio stands at 33%, which is expected to average 26% over the next three years. In Q1 2022, it generated $246.1 million in free cash flow and for FY22, the company expects its FCF to fall between $1.0 to $1.5 billion. Stanley Black & Decker, Inc. (NYSE:SWK) currently offers a quarterly dividend of $0.79 per share. As of July 5, the stock’s dividend yield was 2.99%.

Appreciating the company’s FY22 guidance, Baird set a $160 price target on Stanley Black & Decker, Inc. (NYSE:SWK) in April, with an Outperform rating on the shares.

With stakes worth over $922 million, 38 hedge funds in Insider Monkey’s database held positions in Stanley Black & Decker, Inc. (NYSE:SWK) in Q1, down from 48 in the previous quarter. Gates Capital Management was the company’s largest stakeholder in Q1.

Saturna Capital mentioned Stanley Black & Decker, Inc. (NYSE:SWK) in its Q3 2021 investor letter. Here is what the firm has to say:

“Stanley Black &Decker performed well through the first part of the year but struggled over the summer. China accounts for much of its production, and their zero-tolerance approach to pandemic safety measures has led to disruption, compounded by shipping difficulties and rising materials expenses. We still believe one outcome of the pandemic will be a buoyant home improvement market, given that one never knows when the next pandemic lockdown may occur.”