Snap-on-This is Why Snap-On (SNA) is a Great Dividend Stock

Company Overview - Snap-On (SNA) is based in Kenosha and operates in the Consumer Discretionary sector, with a year-to-date share price change of -1.59% [3] - The company currently pays a dividend of $2.14 per share, resulting in a dividend yield of 2.56%, which is higher than the Tools - Handheld industry's yield of 1.76% and the S&P 500's yield of 1.55% [3] Dividend Performance - Snap-On's annualized dividend of$ 8.56 has increased by 10.9% from the previous year, with the company raising its dividend five times over the last five years, averaging an annual increase of 14.76% [4] - The current payout ratio for Snap-On is 45%, indicating that the company distributes 45% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Snap-On's earnings in 2025 is projected at $19.76 per share, reflecting a year-over-year growth rate of 1.28% [5] Investment Considerations - Snap-On is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]