Snap-On Incorporated (SNA) to Issue Quarterly Dividend of $2.14 on September 10th

Snap-On Incorporated (NYSE:SNA) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Tuesday, August 19th will be given a dividend of 2.14 per share on Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 19th.

Snap-On has a dividend payout ratio of 42.8% indicating that 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

Snap-On stock opened at $326.04 on Friday. The stock has a market cap of $17.01 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.27 and a beta of 0.76. The company has a fifty day simple moving average of $319.58 and a 200-day simple moving average of $325.12. Snap-On has a 12-month low of $268.90 and a 12-month high of $373.89. The company has a current ratio of 4.48, a quick ratio of 3.42 and a debt-to-equity ratio of 0.21.

Snap-On (NYSE:SNA) last released its quarterly earnings data 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Snap-On had a net margin of 20.98% and a return on equity of 18.02%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $5.07 EPS. Equities analysts expect that Snap-On will post 19.79 EPS for the current fiscal 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.