10 Dividend Zombies and Kings with Longest Dividend Payouts

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

Consecutive Years of Dividend Payments: 147

Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturing company that specializes in industrial tools and household hardware. On April 26, the company announced a quarterly dividend of $0.81 per share, which fell in line with its previous dividend. It has paid regular dividends to shareholders for the past 147 years and its dividend growth streak stands at 57 years. The stock has a dividend yield of 3.85%, as of June 20. SWK is among the dividend zombies on our list.

Stanley Black & Decker, Inc. (NYSE:SWK) surpassed analysts’ estimates in the first quarter of 2024. Its EPS of $0.56 and revenue of $3.87 billion beat analysts’ consensus by $0.01 and $35.7 million, respectively. Its revenue fell by nearly 2% on a year-over-year basis due to fluctuating demand. The company expects that varying demand trends will continue across its businesses in 2024. To address this, it is focusing on improving supply chain costs to increase margins, drive earnings growth, and generate strong cash flow. In addition, the company is investing in growth initiatives aimed at boosting innovation and unique market strategies to capitalize on promising long-term opportunities. Although the company reported mixed results, it remains confident in its balance sheet. This confidence is partly due to the success of its cost-reduction program. This cost-cutting program, which saved the company $145 million in Q1 2024, is projected to save $1.45 billion by the end of the year and $2 billion by the end of 2025.

Stanley Black & Decker, Inc. (NYSE:SWK) leads the market in the Tools & Outdoor segment, which saw its margin rise to 7.8%, a 720 basis point increase from the previous year. The segment’s revenue for the quarter fell slightly by 1% from the same period last year.

Insider Monkey’s database of Q1 2024 indicated that 31 hedge funds owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), which remained unchanged from the previous quarter. The collective value of these stakes is more than $715.3 million.