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Capital Stock
 12 Months Ended
Jan. 03, 2015
Equity [Abstract]  
Capital Stock

Note 14: Capital Stock

Snap-on has undertaken repurchases of Snap-on common stock from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans, stock awards and other corporate purposes. Snap-on repurchased 680,000 shares, 926,000 shares and 1,180,000 shares in 2014, 2013 and 2012, respectively. As of 2014 year end, Snap-on has remaining availability to repurchase up to an additional $210.9 million in common stock pursuant to Board authorizations. The purchase of Snap-on common stock is at the company’s discretion, subject to prevailing financial and market conditions.

Cash dividends paid in 2014, 2013 and 2012 totaled $107.6 million, $92.0 million and $81.5 million, respectively. Cash dividends per share in 2014, 2013 and 2012 were $1.85, $1.58 and $1.40, respectively. On February 12, 2015, the company’s Board declared a quarterly dividend of $0.53 per share, payable on March 10, 2015, to shareholders of record on February 24, 2015.