KENOSHA, Wis., November 6, 2017 -- Snap-on Incorporated (NYSE: SNA) announced that its Board of Directors has declared a quarterly common stock dividend of $0.82 per share payable December 8, 2017 to shareholders of record on November 17, 2017. This represents an increase of $0.11 per share, or 15.5%, over Snap-on's previous quarterly dividend of $0.71 per share.
“Snap-on’s dividend is an essential component of our approach to capital allocation, as demonstrated by our payment of consecutive quarterly cash dividends, without interruption or reduction, since 1939,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “This eighth consecutive annual dividend increase reflects our ongoing strong financial position and robust cash generation which enable us in returning capital to our shareholders and in continuing to strategically invest, both organically and through acquisitions, along our defined runways for growth and improvement.”
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