Stanley Works board of directors approves 4Q dividend

Company extends record for longest consecutive annual and quarterly dividend payment


NEW BRITAIN, Conn. , Oct. 17 /PRNewswire-FirstCall/ -- The Stanley Works (NYSE: SWK) announced today that its Board of Directors approved a regular fourth quarter cash dividend of $.32 per common share. This extends the company's records for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 16, 2008 to shareowners of record on Friday, December 5, 2008 .

John F. Lundgren , Chairman and Chief Executive Officer, said: "Strong cash flows continue to validate the high quality of our earnings as well as the importance of a renewed focus on working capital management. This is the 455th consecutive quarter in which Stanley has paid a cash dividend. We are proud of our long dividend history and of extending that record particularly in today's difficult economic environment."

The Stanley Works, an S&P 500 company, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and security solutions for commercial applications.

More information about The Stanley Works can be found at http://www.stanleyworks.com.