Snap-on Incorporated stock dividend – Snap-on Declares 1.62 Cash Dividend

🌥️Dividends Yield

On May 25 2023, Snap-on Inc. declared a cash dividend of 1.62 USD per share. This makes it an attractive option for investors who are in the market for dividend stocks. Over the last three years, the company has issued annual dividends of 6.08, 5.88 and 5.11 USD per share, respectively. The dividend yields over 2021 to 2023 are 2.64%, 2.66% and 2.37%, respectively, with an average yield of 2.56%.

The ex-dividend date of this cash dividend is May 18 2023. This is a great opportunity for investors to benefit from the continuous growth of Snap-on Inc.’s stock price by investing in their dividend-paying stocks. Therefore, SNAP-ON INCORPORATED ($NYSE:SNA) should definitely be on your radar if you are looking for a company with a strong dividend history and potential for future growth.

Price History

On Thursday, SNAP-ON INCORPORATED released a statement declaring a dividend of 1.62 USD per share to its shareholders. The company’s stock opened at $256.3 and closed at $255.8, up by 0.2% from the previous closing price of $255.3. As one of the longest-serving publicly traded companies in the United States, this is a testament to the company’s strong financials and long-term commitments to its shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Snap-on Incorporated. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Snap-on Incorporated. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Snap-on Incorporated. More…

Key Ratios Snapshot

Some of the financial key ratios for Snap-on Incorporated are shown below. More…

Analysis – Snap-on Incorporated Stock Intrinsic Value

At GoodWhale, we’ve been carefully analyzing SNAP-ON INCORPORATED‘s financials. Through our proprietary Valuation Line, we believe the fair value of SNAP-ON INCORPORATED’s share to be around $232.4. However, the current share price of SNAP-ON INCORPORATED is $255.8, which is 10.1% overvalued compared to our estimate of fair value. We encourage investors to exercise caution when looking into this stock. More…

Peers

The company’s products are used by professionals in the automotive, aerospace, and industrial sectors. Snap-on’s products are also used by hobbyists and do-it-yourselfers. The company has a wide range of products that compete with those of its competitors.

– DMG Mori Aktiengesellschaft ($LTS:0OP0)

DMG Mori Aktiengesellschaft is a German machine tool manufacturer. The company is headquartered in Bielefeld, Germany. DMG Mori Aktiengesellschaft is the parent company of DMG Mori Seiki Co., Ltd., a Japanese machine tool manufacturer. The company is listed on the Frankfurt Stock Exchange and Tokyo Stock Exchange.

DMG Mori Aktiengesellschaft has a market cap of 3.24B as of 2022 and a Return on Equity of 8.55%. The company is a leading manufacturer of machine tools and has a strong presence in both the German and Japanese markets.

– Hangzhou Great Star Industrial Co Ltd ($SZSE:002444)

Hangzhou Great Star Industrial Co., Ltd. is engaged in the manufacture and sale of tools and hardware products. The Company’s products include hand tools, power tools, air tools, garden tools, automobile maintenance tools, and others. It sells its products under the brand names of Greatstar, GPS, and others. The Company operates its business in China and internationally.

– Jainex Aamcol Ltd ($BSE:505212)

Jainex Aamcol Ltd is an Indian company that is engaged in the business of manufacturing and marketing of chemicals. The company has a market capitalization of 184.87 million as of 2022 and a return on equity of 33.37%. The company’s products include dyes, pigments, and other chemicals. The company has a strong presence in the Indian market and is one of the leading manufacturers of chemicals in the country.

Summary

SNAP-ON INCORPORATED is an attractive dividend stock for investors. Over the past three years, the company has consistently issued annual dividends of between 5.11 and 6.08 USD per share, offering an average dividend yield of 2.56%. This is significantly higher than the current market yields, making SNAP-ON INCORPORATED an especially attractive option for investors looking for steady and reliable returns. Furthermore, the company has a solid track record of maintaining dividends, which adds to its appeal for investors with a long-term focus.