Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Black & Decker Raises Quarterly Dividend
Oct 20, 2003
 Printable format
 Email this Article
 Search

Black & Decker Corp. became the latest company to increase its quarterly dividend rate, boosting the payout by 75 percent to U.S. $0.21.

In a press release, the maker of tools and other home-improvement products said the dividend is payable Dec. 26 to shareholders of record Dec. 12. Black & Decker had been paying a dividend at a $0.12-rate since 1996.

A Black & Decker spokeswoman cited the change in the tax laws as the reason for the dividend increase; she also noted the company's payout ratio compared with its peers and other S&P 500 companies. The spokeswoman said Black & Decker wanted to "send a signal of confidence" in its long-term earnings and cash-generating capabilities.

In the second quarter, Black & Decker's earnings rose about 15 percent as a restructuring cut costs. Despite weaker sales, income grew to $75.7 million, or $0.97 a share, from $66.1 million, or $0.81, a year ago.

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows