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Capital Stock | 12 Months Ended
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Dec. 30, 2023
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, as well as when the company believes market conditions are favorable. Snap-on repurchased 1,126,000 shares, 899,000 shares and 1,943,900 shares in 2023, 2022 and 2021, respectively. As of 2023 year end, Snap-on has remaining availability to repurchase up to an additional $282.9 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 2023, 2022 and 2021 totaled $355.6 million, $313.1 million and $275.8 million, respectively. Cash dividends per share in 2023, 2022 and 2021 were $6.72, $5.88 and $5.11, respectively. On February 15, 2024, the company’s Board declared a quarterly dividend of $1.86 per share, payable o n March 11, 2024, to shareholders of record on February 26, 2024.

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