Snap-On (SNA) Raises Quarterly Dividend 15.5% to $0.82; 2.1% Yield

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Go back to Snap-On (SNA) Raises Quarterly Dividend 15.5% to $0.82; 2.1% Yield

Snap-on Raises Dividend 15.5%

November 6, 2017 6:30 AM EST

Quarterly Dividend Increases to $0.82 per Share

KENOSHA, Wis.--(BUSINESS WIRE)-- Snap-on Incorporated (NYSE: SNA) announced that its Board of Directors has declared a quarterly common stock dividend of $0.82 per share payable December 8, 2017 to shareholders of record on November 17, 2017. This represents an increase of $0.11 per share, or 15.5%, over Snap-on's previous quarterly dividend of $0.71 per share.

Snap-ons dividend is an essential component of our approach to capital allocation, as demonstrated by our payment of consecutive quarterly cash dividends, without interruption or reduction, since 1939, said Nick Pinchuk, Snap-on chairman and chief executive... More