From 24/7 Wall St. · Trey Thoelcke · · 1m
Stanley Black & Decker or Target: Whose Payout Is Funded?
Which company's dividend is actually supported by cash flow?
In brief
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 cash flow. Originally reported by 24/7 Wall St..
Quick answers
- 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.
- What is the key takeaway from Stanley Black & Decker or Target: Whose Payout Is Funded??
- Stanley Black & Decker's dividend exceeds earnings while Target's payout is backed by strong cash flow.
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.
The main idea
Stanley Black & Decker's dividend exceeds earnings while Target's payout is backed by strong cash flow.



