KENOSHA, Wis., November 09, 2015 -- Snap-on Incorporated (NYSE: SNA) announced that its Board of Directors has declared a quarterly common stock dividend of $0.61 per share payable December 10, 2015, to shareholders of record on November 24, 2015. This represents an increase of $0.08 per share, or 15.1%, over Snap-on's previous quarterly dividend of $0.53 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 dividend increase reinforces our commitment to create long-term value for our shareholders and reflects both the continued progress along our defined runways for coherent growth and the ongoing improvements realized from our Snap-on Value Creation Processes.”
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