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STANLEY WORKS ANNOUNCES FOURTH QUARTER DIVIDEND

 STANLEY WORKS ANNOUNCES FOURTH QUARTER DIVIDEND
 NEW BRITAIN, Conn., Nov. 20 /PRNewswire/ -- The board of directors


of the Stanley Works (NYSE: SWK) today declared a fourth quarter regular dividend of $.31 per share on the common stock. The dividend is payable Dec. 31, 1991 to shareholders of record at the close of business Dec. 2, 1991.
 Dividends declared for 1991 total $1.22 per share, an increase of 7 percent over 1990 and the 24th year in which dividends increased over the previous year. The company has paid consecutive annual dividends to stockholders for 115 years. Stanley's record of continuous annual dividend payments since 1877 is the longest of all industrial companies listed on the New York Stock Exchange.
 The Stanley Works is a worldwide manufacturer and marketer of tools, hardware and speciality hardware for home improvement, consumer, industrial and professional use.
 -0- 11/20/91
 /CONTACT: Patricia R. McLean of Stanley, 203-827-3833/
 (SWK) CO: Stanley Works ST: Connecticut IN: SU: DIV FC-SM -- NY045 -- 5419 11/20/91 12:29 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 20, 1991
Words:171
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