{"id":956938,"date":"2026-04-30T17:33:41","date_gmt":"2026-04-30T21:33:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/snap-on-incorporated-declares-quarterly-dividend-announces-500-million-share-repurchase-authorization\/"},"modified":"2026-04-30T17:33:41","modified_gmt":"2026-04-30T21:33:41","slug":"snap-on-incorporated-declares-quarterly-dividend-announces-500-million-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/snap-on-incorporated-declares-quarterly-dividend-announces-500-million-share-repurchase-authorization\/","title":{"rendered":"Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization<\/b><\/p>\n<p>KENOSHA, Wis.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Snap-on Incorporated (NYSE: SNA) board of directors today declared a quarterly common stock dividend of $2.44 per share payable June 10, 2026, to shareholders of record at the close of business on May 20, 2026. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.<\/p>\n<p>\nSnap-on also announced today that its board of directors authorized a share repurchase program of up to $500 million of common stock, replacing the current share repurchase program under which, as of the end of the first quarter of 2026, approximately $230 million of authorization remained. An additional previously approved share repurchase program, which allows the repurchase of up to the number of shares issued under the company\u2019s various equity plans, remains in place. Shares may be repurchased from time to time in the open market or through privately negotiated transactions, subject to market conditions, legal requirements and other considerations.<\/p>\n<p>\n\u201cThis new authorization for share repurchases, together with our long-standing dividend program, reaffirms our commitment to create long-term value for our shareholders and demonstrates our unyielding confidence in the abundant possibilities of our future,\u201d said Nick Pinchuk, Snap-on chairman and chief executive officer. \u201cEven in times of uncertainty, our strong financial position and robust cash generation enable us in returning capital to our shareholders and in continuing to support our strategic investments, organically and through acquisitions, along our defined runways for growth and improvement.\u201d<\/p>\n<p><b><span class=\"bwuline\">About Snap-on<\/span><\/b><\/p>\n<p>\nSnap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company\u2019s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&amp;P 500 company, generated sales of $4.7 billion in 2025, and is headquartered in Kenosha, Wisconsin.<\/p>\n<p><b><span class=\"bwuline\">Forward-looking Statements<\/span><\/b><\/p>\n<p><i>Statements in this news release that are not historical facts, including statements that (i) are in the future tense; (ii) include the words \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201capproximates,\u201d or similar words that reference Snap-on or its management; (iii) are specifically identified as forward-looking; or (iv) describe Snap-on\u2019s or management\u2019s future outlook, plans, estimates, objectives or goals, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Snap-on cautions the reader that this news release may contain statements, including earnings projections, that are forward-looking in nature and were developed by management in good faith and, accordingly, are subject to risks and uncertainties regarding Snap-on\u2019s expected results that could cause (and in some cases have caused) actual results to differ materially from those described or contemplated in any forward-looking statement. In particular, Snap-on cannot provide assurances regarding any specific market reaction to share repurchases, or related effects on the value of its shares, because that reaction is not under the company\u2019s control and is subject to changes in the market unrelated to Snap-on, nor can Snap-on provide any assurances regarding its ability to repurchase shares on acceptable terms. Market conditions may also affect whether any repurchases are in fact accretive. Additional, factors that may cause the company\u2019s actual results to differ materially from those contained in the forward-looking statements include those found in the company\u2019s reports filed with the Securities and Exchange Commission, including the information under the \u201cSafe Harbor\u201d and \u201cRisk Factors\u201d headings in its Annual Report on Form 10-K for the fiscal year ended January 3, 2026, which are incorporated herein by reference. Snap-on disclaims any responsibility to update any forward-looking statement provided in this news release, except as required by law.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260430528072r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260430528072\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260430528072\/en\/<\/a><\/span><\/p>\n<p><i>For additional information, please visit <\/i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.snapon.com&amp;esheet=54526577&amp;newsitemid=20260430528072&amp;lan=en-US&amp;anchor=www.snapon.com&amp;index=1&amp;md5=9732dd1e193b9e7bc623b0e71a2f813b\">www.snapon.com<\/a><i> or contact:<br \/>\n<\/i><\/p>\n<p>\nInvestors:<br \/>\n<br \/>Sara Verbsky<br \/>\n<br \/>262\/656-4869<\/p>\n<p>\nMedia:<br \/>\n<br \/>Samuel Bottum<br \/>\n<br \/>262\/656-5793<\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Machine Tools, Metalworking &amp; Metallurgy Aftermarket Automotive Manufacturing Other Manufacturing Machinery<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260430528072\/en\/1535844\/3\/3D_Badge.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization KENOSHA, Wis.&#8211;(BUSINESS WIRE)&#8211; The Snap-on Incorporated (NYSE: SNA) board of directors today declared a quarterly common stock dividend of $2.44 per share payable June 10, 2026, to shareholders of record at the close of business on May 20, 2026. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939. Snap-on also announced today that its board of directors authorized a share repurchase program of up to $500 million of common stock, replacing the current share repurchase program under which, as of the end of the first quarter of 2026, approximately $230 million of authorization remained. An additional previously approved share repurchase program, which allows the repurchase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snap-on-incorporated-declares-quarterly-dividend-announces-500-million-share-repurchase-authorization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-956938","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snap-on-incorporated-declares-quarterly-dividend-announces-500-million-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Snap-on Incorporated Declares Quarterly Dividend; Announces $500 Million Share Repurchase Authorization KENOSHA, Wis.&#8211;(BUSINESS WIRE)&#8211; The Snap-on Incorporated (NYSE: SNA) board of directors today declared a quarterly common stock dividend of $2.44 per share payable June 10, 2026, to shareholders of record at the close of business on May 20, 2026. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939. Snap-on also announced today that its board of directors authorized a share repurchase program of up to $500 million of common stock, replacing the current share repurchase program under which, as of the end of the first quarter of 2026, approximately $230 million of authorization remained. 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