The Black & Decker Corporation (NYSE: BDK - News) announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of the Corporation's outstanding common stock payable June 26, 2009, to stockholders of record at the close of business on June 12, 2009. This represents a reduction from the $0.42 quarterly dividend paid by the Corporation since 2007.
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Black and decker is an excellent company.
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