Snap-on Raises Quarterly Dividend by 15% to $2.14

Dow Jones11-08

By Colin Kellaher

Snap-on's board has raised the tool maker's quarterly dividend by 15%, to $2.14 from $1.86.

The new payout, equal to $8.56 a year, represents an annual yield of about 2.42%, based on Thursday's closing price of $353.13, up from 2.11%.

The Kenosha, Wis., company Friday said the increased dividend is payable Dec. 10 to shareholders of record Nov. 21.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 08, 2024 08:37 ET (13:37 GMT)

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