Snap-on Incorporated Declares Quarterly Dividend

KENOSHA, Wis., Nov 02, 2006 (BUSINESS WIRE) -- The Snap-on Incorporated (NYSE:SNA) board of directors declared today a fourth-quarter dividend of $0.27 per share, payable December 11, 2006, to shareholders of record on November 20, 2006. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users. Product lines include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle manufacturers, dealerships and repair centers, as well as customers in industry, government, agriculture and construction. Products are sold through its franchisees, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2.4 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

For additional information on Snap-on, visit www.snapon.com.

SOURCE: Snap-on Incorporated

Snap-on Incorporated
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Richard Secor, 262-656-5561
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Martin M. Ellen, 262-656-6462