Snap-on Incorporated Declares Quarterly Dividend

Rhea-AI Summary

Snap-on Incorporated (NYSE: SNA) has declared a quarterly cash dividend of $1.62 per share, payable on March 10, 2023, to shareholders of record on February 23, 2023. The company has consistently paid dividends since 1939, reinforcing its commitment to returning value to shareholders. In 2022, Snap-on reported sales of $4.5 billion and continues to be a leader in the tools and equipment industry, serving various sectors including vehicle repair and aerospace. The company operates under multiple well-known brands and provides financing programs to support its franchisees.

Positive

• Declared a quarterly dividend of $1.62 per share.
• Consistent dividend payments since 1939 demonstrate financial stability.
• Generated sales of $4.5 billion in 2022, indicating strong market presence.

Negative

• None.

KENOSHA, Wis.--(BUSINESS WIRE)-- The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $1.62 per share payable March 10, 2023, to shareholders of record on February 23, 2023. 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 including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.5 billion in 2022, and is headquartered in Kenosha, Wisconsin.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005771/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 Incorporated?

Snap-on Incorporated declared a quarterly dividend of $1.62 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 10, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is February 23, 2023.

How long has Snap-on been paying dividends?

Snap-on has paid consecutive quarterly cash dividends since 1939.

What were Snap-on's sales figures for 2022?

Snap-on generated sales of $4.5 billion in 2022.