Snap-on (SNA) Raises Dividend 12.7%
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Snap-on’s board raised the company’s quarterly dividend to $2.75 per share from $2.44, an increase of $0.31, or 12.7%. The Kenosha, Wisconsin-based tool maker said the higher payout was approved by its directors. The move signals continued confidence in cash generation and returns to shareholders. Investors will watch whether the larger dividend is supported by sustained earnings and free cash flow.
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