The Kenosha, Wis.-based company said Friday that the increased dividend will be paid Dec. 10 to shareholders of record Nov. 20. At Thursday’s close of $366.44, the yield was about 3%, compared with 2.66% under the previous payout.
Snap-On Lifts Quarterly Dividend 13% to $2.75
Snap-On will pay a quarterly dividend of $2.75 per share, up 13% from $2.44, after the toolmaker’s board approved an increase. The new rate amounts to $11 annually and carries an estimated yield of about 3%, based on Thursday’s closing share price.
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