Capital Stock

12 Months Ended

Dec. 28, 2019

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 1,495,000 shares, 1,769,000 shares and 1,820,000 shares in 2019, 2018 and 2017, respectively. As of 2019 year end, Snap-on has remaining availability to repurchase up to an additional $359.6 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 2019, 2018 and 2017 totaled $216.6 million, $192.0 million and $169.4 million, respectively. Cash dividends per share in 2019, 2018 and 2017 were $3.93, $3.41 and $2.95, respectively. On February 13, 2020, the company’s Board declared a quarterly dividend of $0.00 per share, payable on March 9, 2020, to shareholders of record on February 24, 2020.