Snap-on Incorporated Declares Quarterly Dividend

Rhea-AI Summary

The Snap-on board has declared a quarterly dividend of $1.23 per share, scheduled for payment on March 10, 2021, to shareholders recorded by February 23, 2021. This marks a continued trend of uninterrupted quarterly cash dividends since 1939.

Snap-on, a prominent innovator and manufacturer of tools and diagnostics, operates across various industries including automotive, aviation, and agriculture. With a market capitalization of $3.6 billion, the company sells through multiple channels, reinforcing its position in the S&P 500.

Positive

• Declared a quarterly dividend of $1.23 per share, reflecting strong financial health.
• Consistent dividend payments since 1939, indicating stability and reliability for investors.

Negative

• None.

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $1.23 per share payable March 10, 2021 to shareholders of record on February 23, 2021. 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 $3.6 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

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FAQ

What is the dividend amount declared by Snap-on?

Snap-on has declared a quarterly dividend of $1.23 per share.

When will Snap-on's dividend be paid?

The dividend will be paid on March 10, 2021.

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

The record date for the dividend is February 23, 2021.

How long has Snap-on been paying dividends?

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