Capital Stock

12 Months Ended

Dec. 29, 2012

Capital Stock

Note 14: 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 1,180,000 shares in 2012, 628,000 shares in 2011 and 152,000 shares in 2010. As of 2012 year end, Snap-on has remaining availability to repurchase up to an additional $180.9 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 2012, 2011 and 2010 totaled $81.5 million, $76.7 million and $71.3 million, respectively. Cash dividends in 2012, 2011 and 2010 were $1.40 per share, $1.30 per share and $1.22 per share, respectively. On February 13, 2013, the company’s Board declared a quarterly dividend of $0.38 per share payable on March 11, 2013, to shareholders of record on February 28, 2013.