Stanley Black & Decker: A Dividend Powerhouse with Consistent Growth
Stanley Black & Decker, Inc. (NYSE: SWK) is a leading global provider of hand tools, power tools, outdoor products, and related accessories. With its upcoming Q4 2024 earnings report on February 5, 2025, investors are eagerly anticipating the company’s performance.
Earnings Expectations
Wall Street analysts predict Stanley Black & Decker will post an EPS of $1.50, a significant increase from $0.92 in the year-ago period. Quarterly revenue is expected to reach $3.62 billion, slightly down from $3.74 billion in the previous year.
Dividend Yield and History
Stanley Black & Decker boasts an impressive dividend yield of 4.02%. Over the past 12 months, the company has paid $3.28 per share in dividends. With a 52-week price range of $77.70 to $110.88, investors can capitalize on the company’s consistent dividend hikes.
Recent Performance
In its Q3 2024 earnings report, Stanley Black & Decker posted a sales decline of 5.2% year-over-year to $3.751 billion, missing the consensus estimate. However, gross profit increased 5.7% to $1.12 billion, and the gross margin expanded by 310 basis points to 29.9%. Adjusted EPS of $1.22 beat the analyst consensus of $1.05.
Generating Passive Income
To earn $100 per month from Stanley Black & Decker dividends, investors would need to own approximately 366 shares, valued at around $29,851. This calculation is based on the desired annual income and the dividend yield. By understanding the dividend yield calculations, investors can make informed decisions about their investments.
Dividend Yield Calculations
The dividend yield can be calculated by dividing the annual dividend payments by the stock’s current price. For instance, if a stock pays $2 as an annual dividend and is priced at $50, its dividend yield would be 4%. If the stock price rises or falls, the dividend yield will adjust accordingly.
Investment Opportunities
Income-focused investors may find Stanley Black & Decker stock an attractive option for generating a steady income. With its consistent dividend hikes and strong performance, the company offers a compelling investment opportunity. Additionally, investors can explore alternative real estate investment options, such as Arrived Home’s Private Credit Fund, which has historically paid an annualized dividend yield of 8.1% with a minimum investment of only $100.
Diversifying Your Portfolio
Real estate can be a lucrative way to diversify your portfolio and earn high returns. However, it can also be a significant hassle. By exploring alternative investment options, investors can tap into the power of real estate without owning physical property. The Benzinga Real Estate Screener features the latest offerings for fractional real estate investment opportunities.
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