Stanley Black & Decker Stock Rises as $500 Million Buyback Puts Cash Returns Back in Focus
Stanley Black & Decker shares rose 4% to $79.86 Monday after the company approved a $500 million buyback and kept its quarterly dividend at $0.83 per share. The board authorized the repurchase plan on April 23, ending a previous, unused buyback program. First-quarter results are due Wednesday. Trading volume topped 2.6 million shares.