Snap-On Incorporated (NYSE:SNA) Declares Quarterly Dividend of $2.14

Key Points

• Snap-On Incorporated announced a quarterly dividend of $2.14 per share, with stockholders of record set to receive it on September 10th.
• The company maintains a dividend payout ratio of 42.8%, indicating that its dividend is well-covered by earnings.
• Snap-On reported $4.72 earnings per share for the last quarter, surpassing estimates and indicating robust profitability with a net margin of 20.98%.

Snap-On Incorporated (NYSE:SNA - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 2.14 per share on Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.7%.

Snap-On has a dividend payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

SNA traded down $2.34 during trading hours on Thursday, hitting $320.86. The stock had a trading volume of 199,903 shares, compared to its average volume of 389,752. The company's fifty day simple moving average is $318.93 and its 200 day simple moving average is $326.61. The stock has a market cap of $16.74 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 2.24 and a beta of 0.76. Snap-On has a 1 year low of $267.00 and a 1 year high of $373.89. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21.

Snap-On (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.11. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.07 earnings per share. Equities analysts anticipate that Snap-On will post 19.79 earnings per share for the current year.

About Snap-On

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.

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