Investors eagerly anticipate the dividend payout from Snap-on SNA on March 11, 2024. With a payout of $1.86 per share and an annualized dividend yield of 2.83%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 23, 2024
Snap-on Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-23 | 4 | $1.86 | 2.83% | 2024-02-15 | 2024-02-26 | 2024-03-11 |
| 2023-11-20 | 4 | $1.86 | 2.86% | 2023-11-02 | 2023-11-21 | 2023-12-11 |
| 2023-08-17 | 4 | $1.62 | 2.37% | 2023-08-03 | 2023-08-18 | 2023-09-11 |
| 2023-05-18 | 4 | $1.62 | 2.55% | 2023-04-27 | 2023-05-19 | 2023-06-09 |
| 2023-02-22 | 4 | $1.62 | 2.58% | 2023-02-09 | 2023-02-23 | 2023-03-10 |
| 2022-11-18 | 4 | $1.62 | 2.94% | 2022-11-04 | 2022-11-21 | 2022-12-09 |
| 2022-08-18 | 4 | $1.42 | 2.55% | 2022-08-04 | 2022-08-19 | 2022-09-09 |
| 2022-05-19 | 4 | $1.42 | 2.58% | 2022-04-28 | 2022-05-20 | 2022-06-10 |
| 2022-02-22 | 4 | $1.42 | 2.65% | 2022-02-10 | 2022-02-23 | 2022-03-10 |
| 2021-11-18 | 4 | $1.42 | 2.69% | 2021-11-04 | 2021-11-19 | 2021-12-10 |
| 2021-08-19 | 4 | $1.23 | 2.22% | 2021-08-05 | 2021-08-20 | 2021-09-10 |
| 2021-05-20 | 4 | $1.23 | 2.07% | 2021-04-29 | 2021-05-21 | 2021-06-10 |
In terms of dividend yield, Snap-on finds itself in the middle ground among its industry peers, while Stanley Black & Decker SWK takes the lead with the highest annualized dividend yield at 3.54%.
Analyzing Snap-on Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $4.47 in 2020 to $6.72 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Snap-on
The earnings chart illustrates an increase in Snap-on's earnings per share, from $10.87 in 2020 to $18.42 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of Snap-on and its significance for shareholders. The company has decided to distribute a dividend of $1.86 per share today, which equates to an annualized dividend yield of 2.83%.
In terms of dividend yield, Snap-on finds itself in the middle ground among its industry peers, while Stanley Black & Decker takes the lead with the highest annualized dividend yield at 3.54%.
Given that Snap-on has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[See current stock movements Snap-on on Benzinga.](https://www.benzinga.com/quote/Snap-on (NYSE: SNA))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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