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April 29, 2016 02:00 AM

Snap-on declares quarterly dividend

Tire Business Staff
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    KENOSHA, Wis. (April 29, 2016) — Snap-on Inc.'s board of directors has declared a quarterly common stock dividend of $0.61 per share.

    The payout is effective June 10 to shareholders of record on May 20, according to Kenosha-based Snap-on, which noted that the company has paid consecutive quarterly cash dividends — without interruption or reduction — since 1939.

    Founded in 1920, Snap-on is a $3.4 billion company that makes and markets tools, equipment, diagnostics, repair information and systems solutions for vehicle dealerships and repair centers, as well as for customers in industries including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

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