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Tuesday, November 7, 2023

SNA Dividend Increase

Snap-on (SNA) announced its next dividend of $1.86 per share, a 14.81% increase over the company's previous payout of $1.62.

DivGro's annual dividend income will increase by $57.60 as a result.

The dividend is payable Dec. 11 to shareholders of record on Nov. 21, with an ex-dividend date of Nov. 20.

I own 60 shares of SNA at an average cost basis of $155.13 per share. Following this increase, my yield on cost is 4.80%. In comparison, SNA's forward yield is 2.79% at $267.07 per share. 

SNA became DivGro's 47th Home Run stock in July 2023 when the stock doubled my original capital outlay.
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