Illinois Tool Works As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
ITW $5.60 6.9% 7.4% 7.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Industrial Products 2.4% 52 7.0% Quarter N/A

Illinois Tool Works (ITW) will raise its quarterly dividend by 10.7 percent to $0.31 per share in 2008. This follows a 7 cent dividend increase to 28 cents per share quarterly by the industrial company in 2007.

The increased dividend is payable on October 14, 2008 to shareholders of record at the close of business on September 30, 2008. The ex-date for his next dividend of 36 cents per share is September 26, 2008.

Illinois Tool Works Inc. is a manufacturer of industrial products and equipment. Its products include fasteners, components, equipment, consumable systems, and a variety of specialty products and equipment. The Company operates through seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products and Specialty Products.