As per Snap-On Incorporated (NYSE:SNA)’s news release on 2016-08-04, its shareholders will get cash dividend of $0.61 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-09, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Snap-On Incorporated (NYSE:SNA) disbursed $0.61 in dividend compared to distribution of $0.61, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.9189%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Snap-On Incorporated (NYSE:SNA) to attain a price target of $176.166. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $190. The low price range is set at $165 for next year while the arithmetic mean is seen at 1.71.
Eyeing Earnings Snap-On Incorporated (NYSE:SNA) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $2.15 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Snap-On Incorporated (NYSE:SNA) earnings came at $2.36 suggesting a deviation of $0.14. The brokerages targeted EPS of $2.22 for the quarter.
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