Snap-on Incorporated Declares Quarterly Dividend

Rhea-AI Summary

Snap-on Incorporated (NYSE: SNA) has declared a quarterly dividend of $1.42 per share, payable on June 10, 2022, to shareholders of record on May 20, 2022. This marks a continuation of Snap-on's commitment to returning value to shareholders, as the company has paid uninterrupted cash dividends since 1939. As a leading global manufacturer in tools and systems solutions, Snap-on reported a revenue of $4.25 billion and services various industries including automotive, aviation, and agriculture.

Positive

• Quarterly dividend of $1.42 per share enhances shareholder value.
• Consistent dividend payments since 1939 reflect strong financial stability.
• Snap-on reported a revenue of $4.25 billion, indicating solid market positioning.

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 June 10, 2022 to shareholders of record on May 20, 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/20220428006279/en/

Investors:

Sara Verbsky

262/656-4869

Media:

Samuel Bottum

262/656-5793

Source: Snap-on Incorporated

FAQ

What is the Snap-on dividend amount for June 2022?

Snap-on declared a dividend of $1.42 per share payable on June 10, 2022.

When is the record date for Snap-on's dividend?

The record date for Snap-on's dividend is May 20, 2022.

How long has Snap-on been paying dividends?

Snap-on has been paying consecutive quarterly dividends without interruption since 1939.

What industries does Snap-on serve?

Snap-on serves industries including automotive, aviation, agriculture, construction, and military.