Snap-On Incorporated (SNA) to Issue Quarterly Dividend of $2.44 on December 10th

Snap-On Incorporated (NYSE:SNA) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 21st will be paid a dividend of 2.44 per share on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. This is a 14.0% increase from Snap-On’s previous quarterly dividend of $2.14.

Snap-On has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Snap-On has a dividend payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Snap-On to earn $21.14 per share next year, which means the company should continue to be able to cover its $8.56 annual dividend with an expected future payout ratio of 40.5%.

Snap-On Price Performance

SNA stock opened at $343.85 on Friday. Snap-On has a 1 year low of $289.81 and a 1 year high of $373.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.40 and a quick ratio of 3.37. The firm has a market capitalization of $17.88 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The business has a 50 day simple moving average of $337.31 and a 200-day simple moving average of $325.97.

Snap-On (NYSE:SNA) last announced its quarterly earnings data on Thursday, October 16th. The company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.12. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Snap-On had a return on equity of 17.71% and a net margin of 21.08%.The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.70 earnings per share. Equities research analysts anticipate that Snap-On will post 19.79 earnings per share for the current fiscal year.

Snap-On Company Profile

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.