Illinois Tool Works (ITW) will raise its quarterly dividend by 5.9 percent to $0.36 per share in 2011. Last year the industrial company hiked its dividend by 9.7 percent to 34 cents per share quarterly.
The increased dividend is payable on October 12, 2011 to shareholders of record at the close of business on September 30, 2011. The ex-date for his next dividend of 36 cents per share is September 28, 2011.
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.