How Much Would It Take To Earn $100 A Month From Stanley Black & Decker Stock

Stanley Black & Decker, Inc. SWK provides hand tools, power tools, outdoor products and related accessories internationally.

It will report its Q4 2024 earnings on Feb. 5, 2025. Wall Street analysts expect the company to post an EPS of $1.50, up from $0.92 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $3.62 billion, down from $3.74 billion in the year-ago period.

The 52-week range of Stanley Black & Decker price was $77.70 to $110.88.

Stanley Black & Decker’s dividend yield is 4.02%. During the last 12 months, it paid $3.28 per share in dividends.

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The Latest On Stanley Black & Decker

On Oct. 29, the company announced its Q3 2024 earnings, posting a sales decline of 5.2% year-over-year to $3.751 billion, missing the consensus estimate of $3.804 billion, as reported by Benzinga.

Revenue declined as DEWALT growth was offset by mixed-end market demand; infrastructure divestiture impacted revenue growth by -2%. 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.

The company revised its adjusted 2024 EPS outlook to $3.90 – $4.30 (from $3.70 – $4.50) versus the $4.20 estimate. 

Check out this article by Benzinga, which looks into Stanley Black & Decker's recent short interest. 

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How Can You Earn $100 Per Month As A Stanley Black & Decker Investor?

If you want to make $100 per month – $1,200 annually – from Stanley Black & Decker dividends, your investment value needs to be approximately $29,851, which is around 366 shares at $81.65 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.02% in this case). So, $1,200 / 0.0402 = $29,851 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Stanley Black & Decker stock an attractive option for making a steady income of $100 per month by owning 366 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Stanley Black & Decker has raised its dividend consecutively for the last 57 years. 

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