Snap-on the Up

Well-known Wisconsin-based brand raises dividend

Snap-on Incorporated, the Kenosha, Wisconsin manufacturer known for its fleet of vans as well as the products it has produced since 1920, is still doing quite well.

The company announced November 6 that its board of directors raised its quarterly common stock dividend to $2.44 per share, from the previous $2.14 per share, an increase of $0.30 or 14.0%. The increased dividend is payable on December 10, 2025, to shareholders of record at the close of business November 21, 2025. Snap-on has paid quarterly cash dividends, without interruption or reduction, since 1939.

Snap-on is a manufacturer and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point.

“This 16th consecutive annual dividend increase confirms our unwavering commitment to create long-term value for our shareholders and demonstrates our firm confidence in the significant potential of our future,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Snap-on’s dividend is an essential component of our approach to capital allocation and testifies to the continuing resilience and strength of our operations, even during times of considerable uncertainty. Our solid financial position, robust cash generation, and distinct advantage in strategy and structure enable us to reward our shareholders with a consistently increasing cash dividend, while at the same time supporting our operations with ongoing strategic investments, organically and through acquisitions, along our defined runways for both growth and improvement.”