Snap-On Incorporated (SNA) to Distribute Quarterly Dividend of $2.75 on December 10th

Snap-On Incorporated (NYSE:SNA) announced a quarterly dividend on Friday, November 6th. Stockholders of record on Friday, November 20th will be given a dividend of $2.75 per share on Thursday, December 10th. This represents a $11.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 20th. This is a 12.7% increase from Snap-On’s previous quarterly dividend of $2.44.

Snap-On has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Snap-On has a payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Snap-On to earn $20.63 per share next year, which means the company should continue to be able to cover its $9.76 annual dividend with an expected future payout ratio of 47.3%.

Snap-On Stock Performance

Shares of NYSE:SNA opened at $367.31 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.71 and a debt-to-equity ratio of 0.14. Snap-On has a 12 month low of $320.80 and a 12 month high of $423.02. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.62 and a beta of 0.75. The firm’s 50-day moving average is $368.76 and its 200 day moving average is $380.25.

Snap-On (NYSE:SNA) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $4.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.29). Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $4.71 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Snap-On will post 19.24 EPS for the current year.

Snap-On Company Profile

Snap-on Incorporated develops, manufactures and markets tools, equipment, diagnostics and information systems for professional users. Its offerings include hand and power tools, tool storage, vehicle diagnostic equipment, shop equipment, repair information and software, and related products and services.

The company serves customers in vehicle repair and other industries, including aviation, aerospace, agriculture, construction and manufacturing. Its products and services reach customers in the United States and international markets.

Founded in 1920 as the Snap-on Wrench Company, Snap-on began with interchangeable socket wrench sets and has since expanded into a broad range of professional tools and repair solutions.