Dividend Kings List by Yield: Top 10 Stocks

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

Dividend Yield as of November 11: 3.93%

Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturer that specializes in industrial tools and household products. The company also deals in security products. It has paid dividends to shareholders regularly for 146 years. Moreover, the company has been raising its payouts for consecutive 54 years, which makes it one of the best dividend stocks to buy. Currently, it pays a quarterly dividend of $0.80 per share and has a dividend yield of 3.93%, as of November 11.

In the first nine of the year, Stanley Black & Decker, Inc. (NYSE:SWK) reported a strong cash position with $408 million available in cash and cash equivalents, compared with $142 million at the end of December 2021. Due to this growth and its stable balance sheet, the company expects to generate a free cash flow between $300 million to $600 million in the next quarter.

Mizuho reiterated its Neutral rating on Stanley Black & Decker, Inc. (NYSE:SWK) in October with an $80 price target, highlighting the current market environment.

At the end of the second quarter of 2022, 32 hedge funds in Insider Monkey’s database owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), compared with 38 a quarter earlier. The collective value of these stakes is roughly $497 million.