Income Investors Turn to Stanley Black & Decker (SWK) in Dividend Stocks to Buy Under $100

Stanley Black & Decker, Inc. (NYSE:SWK) is included among the 13 Best High Dividend Stocks to Buy Under $100.

Stanley Black & Decker, Inc. (NYSE:SWK) is an American manufacturer best known for its industrial tools, home hardware, and security solutions. The company is undergoing a meaningful transformation, having already achieved $1.7 billion of a planned $2 billion cost-cutting program. This effort has helped gross margins recover to 31.2%, an improvement of 1,200 basis points from the lowest point. At the same time, operating leverage has improved, and inventory levels have been brought down.

Stanley Black & Decker, Inc. (NYSE:SWK)’s Tools & Outdoor division makes up about 87% of total revenue, while its smaller Engineered Fastening unit supports industries such as aerospace, automotive, and broader industrial production.

Stanley Black & Decker, Inc. (NYSE:SWK) also has one of the strongest dividend track records on Wall Street. The company has paid dividends without interruption for 148 years. On July 24, it announced a 1.2% increase in its quarterly dividend to $0.83 per share, marking the 59th consecutive year of dividend growth. The stock has a dividend yield of 4.18%, as of September 18.

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Disclosure: None.