CLARIFICATION of BW0107 - SNAP ON - Snap-on Incorporated Declares Dividend.KENOSHA, Wis.--(BUSINESS WIRE)--Oct. 25, 1996--The following release is a clarification of a dividend announcement made earlier today: The Snap-on Incorporated Board of Directors has declared a fourth quarter dividend of 20 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on a post-split basis, payable December 10, 1996, to shareholders of record November 19, 1996. The dividend declaration announced earlier today reported a quarterly dividend of 30 cents per share, reflecting a pre-split amount. A three-for-two split of Snap-on Incorporated common shares occurred on September 10, 1996 for shareholders of record August 20, 1996. Snap-on has paid consecutive quarterly dividends since 1939. Snap-on Incorporated (NYSE NYSE See: New York Stock Exchange : SNA (Systems Network Architecture) IBM's mainframe network standards introduced in 1974. Originally a centralized architecture with a host computer controlling many terminals, enhancements, such as APPN and APPC (LU 6. ) is a leading global developer, manufacturer, and distributor of hand and power tools, diagnostic hardware and software, and shop equipment, and tool storage products. The company's customers include professional automotive technicians and shop owners, original equipment manufacturers, and industrial tool users worldwide. CONTACT: Media contact: Richard Secor Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 414/656-5561 or Investor relations Investor relations The process by which the corporation communicates with its investors. contact: Lynn McHugh 414/656-6488 |
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