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

Dividend Aristocrat Illinois Tool Works (ITW) will raise its quarterly dividend by 28.2 percent to $1.00 per share in 2018.

The average annual dividend increase over the last five years for ITW was 15.5 percent prior to today's dividend hike.

The next dividend will be paid on October 9, 2018 to shareholders of record as of September 28, 2018. The new quarterly dividend equates to $4.00 per share on a full-year basis, yielding 2.9% at a stock price of $140.

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. llinois Tool Works Inc. was founded in 1912 and incorporated in 1915.