The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Snap-on Incorporated Increases Dividend

26 June 1998

Snap-on Incorporated Increases Dividend

    KENOSHA, Wis.--June 26, 1998--Snap-on Incorporated's board of directors today declared a 4.8 percent increase in the company's dividend on its common stock.
    The new quarterly dividend will increase $.01 per share to $.22 per share, or $.88 on an annual basis. The increased dividend is payable September 10, 1998 to shareholders of record on August 20, 1998. Snap-on has paid consecutive quarterly dividends since 1939.
    Snap-on Incorporated is a $1.7 billion leading global developer, manufacturer, and distributor of tool and equipment solutions for professional technicians, motor service shop owners, specialty repair centers, original equipment manufacturers, and industrial tool users worldwide. Product lines include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software, and other solutions for the automotive service industry.