XML 37 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Capital Stock
12 Months Ended
Dec. 29, 2018
Equity [Abstract]  
Capital Stock
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 1,769,000 shares, 1,820,000 shares and 758,000 shares in 2018, 2017 and 2016, respectively. As of 2018 year end, Snap-on has remaining availability to repurchase up to an additional $215.7 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 2018, 2017 and 2016 totaled $192.0 million, $169.4 million and $147.5 million, respectively. Cash dividends per share in 2018, 2017 and 2016 were $3.41, $2.95 and $2.54, respectively. On February 14, 2019, the company’s Board declared a quarterly dividend of $0.95 per share, payable on March 11, 2019, to shareholders of record on February 25, 2019.