Snap-On (SNA) Raises Quarterly Dividend 15.9% to $0.95; 2.4% Yield

Snap-On (NYSE: SNA) declared a quarterly dividend of $0.95 per share, or $3.8 annualized. This is a 15.9% increase from the prior dividend of $0.82.

The dividend will be payable on December 10, 2018, to stockholders of record on November 20, 2018, with an ex-dividend date of November 19, 2018.

The annual yield on the dividend is 2.4 percent.

“This ninth consecutive annual dividend increase reflects our strong financial position and cash generation which enables us to both return capital to our shareholders and continue to strategically invest along our defined runways for growth and improvement,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Snap-on’s dividend is a core component of our capital allocation strategy, as demonstrated by our payment of consecutive quarterly cash dividends, without interruption or reduction, since 1939.”

For a dividend history and other dividend-related data on Snap-On (SNA) click here.

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