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Home Depot extends dividend streak

BY HBSDEALER Staff

As The Home Depot holds its annual shareholders meeting today, it announced its 97th consecutive cash dividend.

The company announced that its board of directors declared a first-quarter cash dividend of 25 cents per share. The dividend is payable on June 30 to shareholders of record on the close of business on June 16. The dividend — the same amount it paid last quarter — marks the 97th consecutive quarter Home Depot has paid a cash dividend.

The company’s shareholders meeting takes place today at the Cobb Galleria Centre in Atlanta.

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Reliance Worldwide expands support for SharkBite and Cash Acme

BY HBSDEALER Staff

Reliance Worldwide has added two regional sales managers to support the continued growth of its SharkBite and Cash Acme plumbing product brands. 

Industry veteran Mark Kleinhenz was named as northeast regional sales manager. Kleinhenz joins Reliance from Connecticut-based distributor Plimpton & Hills Corp., and previously he served with Banco America. 

Brian Clark will serve as western regional sales manager, following an extensive background that includes Kohler Co. and Husqvarna.

The new positions are part of a strategic effort by Reliance to expand its customer support network.

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DeWalt unveils sliding compound miter saw

BY HBSDEALER Staff

DeWalt has launched a new 12-in. Sliding Compound Miter Saw, designed to be precise enough for fine woodworking, and durable enough for framing and deck building. 

The DWS780 is made for a variety of end users, including cabinetmakers, trim carpenters, framers, installers and many other professional contractors.

For visibility and accuracy when cutting, the new 12-in. Sliding Compound Miter Saw features the XPSTM LED light and cut-alignment system that casts a laser-like shadow on the work surface, showing users where the blade will come in contact with the material. Since it does not require recalibration over time or when changing blades, this alignment system can be more accurate and durable than traditional laser guides. 

The Sliding Compound Miter Saw will be available at home centers and independent distributors beginning September 2011 and it is expected to retail for approximately $599. 

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