On November 6, Snap-on (SNA) increased its dividend by 12.70%, from $2.44 to $2.75 per share.
The dividend is payable on December 10 to shareholders of record on November 20.
SNA's contribution to DivGro's projected annual dividend income will increase by $43.40 to $385.
Created by the author
I own 35 shares of SNA at an average cost basis of $152.57/share. After this increase, my yield on cost is 7.21%, while the stock's forward yield is 3% at $367.22/share.
Since I opened my position in August 2019, the stock has delivered a 172% total return, including $1,652.75 in dividends. That's a superb annualized rate of return of 16.3%!
SNA became DivGro's 47th Home Run stock in July 2023, doubling my original capital outlay.
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $5.110 | $5.880 | $6.720 | $7.720 | $8.860 | ⬆ | $10.070✝ |
| 14.32% | 15.07% | 14.29% | 14.88% | 14.77% | ⬇ | 13.66% |
| 5-year DGR: | 14.66% | ⬇ | 14.53% | |||
✝projected, assuming no further changes
Created by the author
On my 9-factor quality model, SNA scores 7.68, placing it in the High Quality band. Simply Safe Dividends rates SNA's dividend Very Safe at 99, the top tier of their five-band scale, and Seeking Alpha awards the stock a dividend grade of A+.
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