Illinois Tool Works (ITW) will increase its dividend by 10.5 percent to $0.42 quarterly in 2013. Last year the dividend was hiked by 2 cents to 38 cents per share quarterly.
The next dividend will be paid on October 8, 2013 to shareholders of record as of September 30, 2013. The ex-date for this next dividend of 42 cents is September 26, 2013.
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.