Company: Snap-on Incorporated (SNA)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through a franchisee-operated mobile van network that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans. -Morningstar.com-
Symbol: SNA
Recent Price: $274.99
Dividends: $7.44
Yield: 2.71%
Sector: Industrials
Industry: Tools & Accessories
Address & Company Phone #: 2801 80th St. Kenosha WI 53143, 262-656-5200
Transfer Agent: Computershare 800-446-2617
Moody’s Rating: A2
Minimum & Maximum Investment: $100 – $150,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail, Phone or Internet for $25+12¢/sh.
52 Week High & Low: $297.26, $226.68