Stanley Black & Decker Stock Rises as $500 Million Buyback Puts Cash Returns Back in Focus
Stanley Black & Decker jumped roughly 4% Monday. The DeWalt and Craftsman parent signed off on a $500 million buyback plan and kept its quarterly dividend intact, offering investors another cue on capital returns ahead of earnings later this week. Shares were last changing hands at $79.86, up $3.22, with more than 2.6 million traded.
