Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products. It also provides handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics. In addition, the company offers solutions for the service of vehicles and industrial equipment that include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists, as well as after-sales support services and training programs. Further, it provides financing programs to facilitate the sales of its products and support its franchise business. The company serves the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin.
Snap-on Dividend Announcement
• Snap-on announced a quarterly dividend of $1.86 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-08-19
• Snap-on annual dividend for 2024 was $5.58
• Snap-on annual dividend for 2023 was $6.72
• Snap-on 's trailing twelve-month (TTM) dividend yield is 2.52%
• Snap-on 's payout ratio for the trailing twelve months (TTM) is 36.76%
• Snap-on 's dividend growth over the last five years (2018-2023) was 14.53% year
• Snap-on 's dividend growth over the last ten years (2013-2023) was 15.58% year
Snap-on Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-19 | $1.86 | quarterly | 2024-09-10 |
| 2024-05-17 | $1.86 | quarterly | 2024-06-10 |
| 2024-02-23 | $1.86 | quarterly | 2024-03-11 |
| 2023-11-20 | $1.86 | quarterly | 2023-12-11 |
| 2023-08-17 | $1.62 | quarterly | 2023-09-11 |
| 2023-05-18 | $1.62 | quarterly | 2023-06-09 |
| 2023-02-22 | $1.62 | quarterly | 2023-03-10 |
| 2022-11-18 | $1.62 | quarterly | 2022-12-09 |
| 2022-08-18 | $1.42 | quarterly | 2022-09-09 |
| 2022-05-19 | $1.42 | quarterly | 2022-06-10 |
| 2022-02-22 | $1.42 | quarterly | 2022-03-10 |
| 2021-11-18 | $1.42 | quarterly | 2021-12-10 |
| 2021-08-19 | $1.23 | quarterly | 2021-09-10 |
| 2021-05-20 | $1.23 | quarterly | 2021-06-10 |
| 2021-02-22 | $1.23 | quarterly | 2021-03-10 |
| 2020-11-19 | $1.23 | quarterly | 2020-12-10 |
| 2020-08-19 | $1.08 | quarterly | 2020-09-10 |
| 2020-05-20 | $1.08 | quarterly | 2020-06-10 |
| 2020-02-21 | $1.08 | quarterly | 2020-03-10 |
| 2019-11-19 | $1.08 | quarterly | 2019-12-10 |
| 2019-08-19 | $0.95 | quarterly | 2019-09-10 |
| 2019-05-20 | $0.95 | quarterly | 2019-06-10 |
| 2019-02-22 | $0.95 | quarterly | 2019-03-11 |
| 2018-11-19 | $0.95 | quarterly | 2018-12-10 |
| 2018-08-16 | $0.82 | quarterly | 2018-09-10 |
| 2018-05-18 | $0.82 | quarterly | 2018-06-08 |
| 2018-03-01 | $0.82 | quarterly | 2018-03-16 |
| 2017-11-16 | $0.82 | quarterly | 2017-12-08 |
| 2017-08-16 | $0.71 | quarterly | 2017-09-08 |
| 2017-05-17 | $0.71 | quarterly | 2017-06-09 |
| 2017-02-22 | $0.71 | quarterly | 2017-03-10 |
| 2016-11-16 | $0.71 | quarterly | 2016-12-09 |
| 2016-08-17 | $0.61 | quarterly | 2016-09-09 |
| 2016-05-18 | $0.61 | quarterly | 2016-06-10 |
| 2016-02-23 | $0.61 | quarterly | 2016-03-10 |
| 2015-11-20 | $0.61 | quarterly | 2015-12-10 |
| 2015-08-21 | $0.53 | quarterly | 2015-09-10 |
| 2015-05-18 | $0.53 | quarterly | 2015-06-10 |
| 2015-02-20 | $0.53 | quarterly | 2015-03-10 |
| 2014-11-20 | $0.53 | quarterly | 2014-12-10 |
| 2014-08-21 | $0.44 | quarterly | 2014-09-10 |
| 2014-05-16 | $0.44 | quarterly | 2014-06-10 |
| 2014-02-20 | $0.44 | quarterly | 2014-03-10 |
| 2013-11-20 | $0.44 | quarterly | 2013-12-10 |
| 2013-08-21 | $0.38 | quarterly | 2013-09-10 |
| 2013-05-16 | $0.38 | quarterly | 2013-06-10 |
| 2013-02-26 | $0.38 | quarterly | 2013-03-11 |
Snap-on Dividend per year
Snap-on Dividend growth
Snap-on Dividend Yield
Snap-on current trailing twelve-month (TTM) dividend yield is 2.52%. Interested in purchasing Snap-on stock? Use our calculator to estimate your expected dividend yield:
Snap-on Financial Ratios
P/E ratio15.07
PEG ratio5.30
P/B ratio2.95
ROE20.33%
Payout ratio36.76%
Current ratio4.06
Quick ratio3.05
Cash Ratio1.30
Snap-on Dividend FAQ
How much is the next Snap-on dividend?
Snap-on 's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Snap-on dividend. The next Snap-on dividend will be released in February, May, August, or November.
When is Snap-on dividend paid?
Snap-on pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Snap-on pay?
The specific amount of Snap-on dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Snap-on 's dividend history.
Does Snap-on stock pay dividends?
Yes, Snap-on does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Snap-on 's dividend history.
How much dividend does Snap-on pay?
Snap-on paid $5.58 in 2024, $6.72 in 2023, $5.88 in 2022, $5.11 in 2021, and $4.47 in 2020.
How often does Snap-on pay dividends?
Snap-on typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Snap-on 's dividend yield?
The current dividend yield for Snap-on is 2.52%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Snap-on 's exact dividend yield.
When does Snap-on go ex dividend?
Snap-on 's ex-dividend date for the latest dividend was on 2024-08-19. Snap-on typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Snap-on dividend paid?
Snap-on pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Snap-on increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Snap-on will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Snap-on dividend per share?
Snap-on paid $5.58 per share in 2024 and $6.72 per share in 2023. The amount of dividend per share that Snap-on pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Snap-on a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Snap-on a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Snap-on a dividend stock?
Yes, Snap-on is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Snap-on a good dividend stock?
Whether Snap-on is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Snap-on has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Snap-on as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Snap-on as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Snap-on pay dividends monthly?
Snap-on typically pays dividends on a quarterly basis.
Does Snap-on pay dividends quarterly?
Snap-on currently pays dividends on a quarterly basis.
Has Snap-on ever paid a dividend?
Yes, Snap-on has a history of paying dividends to its shareholders. Snap-on is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Snap-on dividend stocks?
To buy Snap-on you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Snap-on stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Snap-on stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Snap-on pay dividends 2024?
Snap-on pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Snap-on increase its dividend in 2024?
Decisions regarding Snap-on dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Snap-on dividend overview you can look into the above table of dividend history.
How Snap-on dividend works?
The Snap-on dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Snap-on 's dividend process works:
1. Determination of Dividend: Snap-on 's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Snap-on publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Snap-on distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Snap-on are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Snap-on 's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Snap-on publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Snap-on distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Snap-on are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Snap-on dividends paid?
Snap-on dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Snap-on sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Snap-on distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Snap-on declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Snap-on sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Snap-on distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Snap-on declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Snap-on pay dividends?
Snap-on typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Snap-on pay dividends?
The general pattern is that Snap-on pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Snap-on dividend safe?
The safety of Snap-on 's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Snap-on 's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Snap-on 's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Snap-on 's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Snap-on 's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.