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Capital Stock
12 Months Ended
Jan. 02, 2021
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 1,109,000 shares, 1,495,000 shares and 1,769,000 shares in 2020, 2019 and 2018, respectively. As of 2020 year end, Snap-on has remaining availability to repurchase up to an additional $275.7 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 2020, 2019 and 2018 totaled $243.3 million, $216.6 million and $192.0 million, respectively. Cash dividends per share in 2020, 2019 and 2018 were $4.47, $3.93 and $3.41, respectively. On February 11, 2021, the company’s Board declared a quarterly dividend of $1.23 per share, payable on March 10, 2021, to shareholders of record on February 23, 2021.