Snap-on Raises Dividend 15.1%
Snap-on (NYSE: SNA) announced a 15.1% increase in its quarterly dividend to $2.14 per share, up from $1.86, payable December 10, 2024, to shareholders of record as of November 21, 2024. This marks the company's 15th consecutive annual dividend increase, maintaining an uninterrupted dividend payment streak since 1939. The company, which generated sales of $4.7 billion in 2023, emphasizes this increase reflects their strong financial position, robust cash generation, and commitment to shareholder value while supporting strategic investments and acquisitions.
Snap-on (NYSE: SNA) ha annunciato un aumento del 15,1% del suo dividendo trimestrale a $2,14 per azione, rispetto a $1,86, pagabile il 10 dicembre 2024, agli azionisti registrati al 21 novembre 2024. Questo segna il 15° aumento annuale consecutivo del dividendo dell'azienda, che ha mantenuto una serie ininterrotta di pagamenti di dividendi dal 1939. L'azienda, che ha generato vendite di $4,7 miliardi nel 2023, sottolinea che questo aumento riflette la loro forte posizione finanziaria, la notevole generazione di liquidità e l'impegno verso il valore degli azionisti, sostenendo al contempo investimenti e acquisizioni strategiche.
Snap-on (NYSE: SNA) anunció un aumento del 15,1% en su dividendo trimestral a $2,14 por acción, subiendo desde $1,86, pagadero el 10 de diciembre de 2024, a los accionistas registrados al 21 de noviembre de 2024. Esto marca el 15° aumento anual consecutivo del dividendo de la compañía, manteniendo una racha ininterrumpida de pagos de dividendos desde 1939. La empresa, que generó ventas de $4,7 mil millones en 2023, enfatiza que este aumento refleja su sólida posición financiera, robusta generación de efectivo y compromiso con el valor para los accionistas, al tiempo que apoya inversiones estratégicas y adquisiciones.
Snap-on (NYSE: SNA)은 분기 배당금을 $2.14로 15.1% 인상한다고 발표했습니다. 이는 $1.86에서 증가하며, 2024년 12월 10일에 2024년 11월 21일 기준 주주에게 지급됩니다. 이는 회사의 15번째 연속 배당금 인상을 의미하며, 1939년부터 중단 없는 배당금 지급을 유지해 왔습니다. 2023년에 $4.7 billion의 매출을 올린 이 회사는 이번 인상이 그들의 강력한 재정 상태와 견조한 현금 생성, 그리고 주주 가치를 위한 헌신을 반영하며, 전략적 투자와 인수를 지원한다고 강조했습니다.
Snap-on (NYSE: SNA) a annoncé une augmentation de 15,1 % de son dividende trimestriel à 2,14 $ par action, passant de 1,86 $, payable le 10 décembre 2024, aux actionnaires inscrits au 21 novembre 2024. Cela marque la 15e augmentation annuelle consécutive du dividende de la société, qui maintient une série ininterrompue de paiements de dividendes depuis 1939. L'entreprise, qui a généré des ventes de 4,7 milliards $ en 2023, souligne que cette augmentation reflète sa solide position financière, sa génération de liquidités robuste et son engagement envers la valeur des actionnaires, tout en soutenant des investissements stratégiques et des acquisitions.
Snap-on (NYSE: SNA) gab eine Erhöhung der vierteljährlichen Dividende um 15,1 % auf $2,14 pro Aktie bekannt, von zuvor $1,86, zahlbar am 10. Dezember 2024 an die Aktionäre, die am 21. November 2024 registriert sind. Dies markiert die 15. aufeinanderfolgende jährliche Dividendensteigerung des Unternehmens, das seit 1939 eine ununterbrochene Reihe von Dividendenzahlungen aufrechterhält. Das Unternehmen, das im Jahr 2023 einen Umsatz von $4,7 Milliarden erzielt hat, betont, dass diese Erhöhung ihre starke Finanzlage, robuste Cash-Generierung und das Engagement für den Wert der Aktionäre widerspiegelt, während es strategische Investitionen und Übernahmen unterstützt.
- 15.1% dividend increase ($0.28 per share)
- Uninterrupted dividend payments since 1939
- Strong sales performance of $4.7 billion in 2023
- Robust cash generation supporting both dividends and strategic investments
- None.
Quarterly Dividend Increases to
“This 15th consecutive annual dividend increase confirms our steadfast commitment to create long-term value for our shareholders and demonstrates our ongoing belief that we’re well-positioned for a future of abundant promise,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Snap‑on’s dividend is an essential component of our approach to capital allocation, and it testifies to the considerable resilience and enduring strength of our enterprise, even during times of turbulence. Once again, our exceptional financial position, robust cash generation, and significant operating progress has enabled an increase to our cash dividend while, at the same time, supporting our continuing strategic investments, organically and through acquisitions, along our defined runways for both growth and improvement.”
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
Forward-looking Statements
Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words “expects,” “anticipates,” “intends,” “approximates,” or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on’s or management’s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on’s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. Factors that may cause the company’s actual results to differ materially from those contained in the forward-looking statements include those found in the company’s reports filed with the Securities and Exchange Commission, including the information under the “Safe Harbor” and “Risk Factors” headings in its Annual Report on Form 10-K for the fiscal year ended December 30, 2023, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.
For additional information, please visit www.snapon.com.
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Investors:
Sara Verbsky
262/656-4869
Media:
Samuel Bottum
262/656-5793
Source: Snap-on Incorporated
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