Illinois Tool Works As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
ITW $4.88 7.0% 6.5% 7.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Industrial Products 2.3% 50 13.4% Quarter N/A
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Illinois Tool Works hikes dividend by 7%

Dividend Aristocrat Illinois Tool Works (ITW) will raise its quarterly dividend by 7 percent to $1.22 per share in 2021. This follows a dividend hike of 6.5 percent to $1.14 per share in 2020 and will mark the 50th consecutive year of dividend increases by the industrial company.

The next dividend will be paid on Wednesday, October 14, 2021, to shareholders of record as of September 30, 2021. A new annual dividend rate of $4.88 per share yields 2.1% at a stock price of $227.73. The next ex-dividend date for ITW is September 29, 2021.

Illinois Tool Works (ITW) Dividend History
Dividend yield (as of August 6, 2021) 2.1%
Dividend per share (annual) $4.88
Dividend increased years 50
Dividend 10 yr CAGR +12.9%
Dividend 5 yr CAGR +15.3%
Annual dividend $1.54  B
Ex-dividend date 29-Sep
www.dividendhike.com

Annually the company pays approximately $1.54 billion in dividends to shareholders. Including this year's dividend hike that was just announced the average 5-year dividend growth for Illinois Tool Works drops from 15.7 to 13.4 percent.

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.

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