Snap-on Incorporated Declares Quarterly Dividend

Rhea-AI Summary

Snap-on Incorporated (NYSE: SNA) announced a quarterly dividend of $1.42 per share, payable on March 10, 2022, for shareholders recorded on February 23, 2022. The company has consistently paid dividends without interruption since 1939. Snap-on is a leading manufacturer and marketer of tools and diagnostics, with a revenue of $4.25 billion, serving various industries globally. Its diverse product offerings and strong market presence position it well for future growth.

Positive

• Quarterly dividend of $1.42 per share shows commitment to returning value to shareholders.
• Consecutive quarterly cash dividends since 1939 demonstrates financial stability and consistent performance.
• Strong revenue of $4.25 billion suggests robust business growth and industry leadership.

Negative

• None.

KENOSHA, Wis.--(BUSINESS WIRE)-- The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $1.42 per share payable March 10, 2022, to shareholders of record on February 23, 2022. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. Snap-on also derives income from various financing programs to facilitate the sales of its products and support its franchise business. Products and services are sold through the company’s franchisee, company-direct, distributor and internet channels. Founded in 1920, Snap-on is a $4.25 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

For additional information, please visit www.snapon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210006034/en/

Investors:

Sara Verbsky

262/656-4869

Media:

Samuel Bottum

262/656-5793

Source: Snap-on Incorporated

FAQ

What is the dividend amount declared by Snap-on for March 2022?

Snap-on declared a dividend of $1.42 per share for March 2022.

When is the dividend payable for Snap-on?

The dividend is payable on March 10, 2022.

What date is the record for the Snap-on dividend?

The record date for the dividend is February 23, 2022.

How long has Snap-on been paying dividends?

Snap-on has been paying consecutive quarterly cash dividends since 1939.

What is Snap-on's revenue?

Snap-on reported a revenue of $4.25 billion.