# Stanley Black & Decker or Target: Whose Payout Is Funded?

> Which company's dividend is actually supported by cash flow?
- Title: Stanley Black & Decker or Target: Whose Payout Is Funded?
- Summary: Which company's dividend is actually supported by cash flow? Stanley Black & Decker's dividend exceeds earnings while Target's payout is backed by strong…
- Keywords: stanley black decker, target, dividend, cash flow, earnings, payout, nyse, swk, tgt, Stanley, Black, Decker
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/stanley-black-decker-or-target-whose-payout-is-actually-funded
- Author: Trey Thoelcke
- Published: 2026-09-22T12:20:32+00:00
- Read time: 1 min
- Topics: stanley black decker, target, dividend, cash flow, earnings, payout, nyse, swk, tgt
## Dividend Kings
Stanley Black & Decker and Target both raised dividends recently but have very different financial health.
## Stanley Black & Decker's Strain
Stanley Black & Decker paid $500.6 million in dividends against $401.9 million net income in 2025.
## Target's Performance
Target reported full-year revenue down 1.68% and adjusted EPS down 14.5% in FY2025.
## Cash Flow Comparison
Stanley Black & Decker has $971.2 million operating cash flow versus Target's $6.56 billion.
## Dividend Raises
Stanley Black & Decker increased dividends by $0.01 per share while Target raised by $0.02 per share.
## Payout Funded?
Stanley Black & Decker's payout is not funded by cash flow while Target's is supported by $3.8 billion Q2 cash flow.
## Key takeaway

Stanley Black & Decker's dividend exceeds earnings while Target's payout is backed by strong cash flow.