GLENVIEW, Ill., Aug. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized an increase to the quarterly cash dividend to shareholders of $0.07 per share â or $0.28 per share annually. I llinois Tool Works Inc. (ITW) will begin trading ex-dividend on September 29, 2020. Dividend Yield is the relation between a stockâs Annualized Dividend and its current stock price. Shareholders who purchased ITW prior to the ex-dividend date are eligible for the cash dividend payment. Illinois Tool Works is not just a Dividend Aristocrat, it is a Dividend King as well. About Illinois Tool Works (ITW) ITW is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.1 billion in 2019. ITW's most recent quarterly dividend payment was made to shareholders of record on Wednesday, October 14. Posted by Tristan Rich on Sep 28th, 2020 // Comments off Back in August, the companyâs Board of Directors authorized a 28 percent increase in the dividend payout to shareholders. This brought the quarterly dividend to $1/share. The dividend equates to $4.56 per share on a full-year basis. Illinois Tool Works Inc. (ITW) manufactures a range of industrial products and equipment worldwide. ITW Board of Directors Approves 28 Percent Dividend Increase, Stocks: ITW, release date:Aug 03, 2018 The yield based on the new payout is 1.3%. The good news is that this is the companyâs 2nd dividend increase this year and the total dividend growth from 2018 to 2019 will be nearly 13%. Illinois Tool Works (NYSE:ITW) had declared $1.07/share quarterly dividend, 7% increase from prior dividend of $1.00. GLENVIEW, Ill., Aug. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized an increase to the quarterly cash dividend to shareholders of $0.07 per share â or $0.28 per share annually. Dividend.com: The #1 Source For Dividend Investing. The dividend equates to $4.56 per ⦠Dividend ideas. About Illinois Tool Works ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with ⦠MFA Financial (MFA) recently increased its quarterly dividend 50% to $0.075 per share. The dividend equates to $4.56 per share on a full-year basis. Illinois Tool Works has a current dividend yield of 2.3%, which is slightly higher than the average for the broader S&P 500 index. You can see all 27 Dividend Kings here. GLENVIEW, Ill., Aug. 02, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase in the dividend ⦠GLENVIEW, Ill., Aug. 03, 2018 -- The Board of Directors of Illinois Tool Works Inc. authorized a 28 percent increase in the dividend payout to shareholders, representing a quarterly increase of... | November 28, 2020 49 yrs. Including this year's dividend hike that was just announced the average 5-year dividend growth for Illinois Tool Works is 15.7 percent. GLENVIEW, Ill., Aug. 02, 2019 -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase in the dividend payout to shareholders,. ITW's next quarterly dividend payment will be made to shareholders of record on Thursday, January 14. Illinois Tool Works is a dividend champion, has paid uninterrupted dividends on its common stock since 1933 and increased payments to common shareholders every year for 47 years. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Each year, we review all 57 Dividend Aristocrats. The Board also declared a dividend on the company's common stock of $1.14 per share for the third quarter of 2020. Illinois Tool Works is a dividend champion, has paid uninterrupted dividends on its common stock since 1933 and increased payments to common shareholders every year for 47 years.The most recent dividend increase was in August 2010, when the Board of Directors approved a 9.70% increase ⦠Last increase refers to ex-dividend date. The dividend is payable Jan. 29 to shareholders of record Dec. 30, with an ex-div date of Dec. 29. Browse dividend stocks. ... Illinois Tool Works Inc. NYSE: ITW $203.82 up $0.69 Discover variety of stocklists. The dividend will be paid on Wednesday, October 14, 2020, to shareholders of record as of September 30, 2020. Dividend Frequency. ITW's dividend yield, history, payout ratio, proprietary DARS⢠rating & much more! GLENVIEW, Ill., Aug. 02, 2019 -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase in the dividend payout to Illinois Tool Works Inc. ITW, +0.30% said Friday its board has approved a 7 cents increase in its quarterly cash dividend, boosting it to $1.14 a share. Dividend yield. The company has grown its dividend for the last 50 consecutive years and is increasing its dividend by an average of 15.62% each year. Increase its per-share base dividend (excluding special dividends) every year for at least 25 consecutive years. Illinois Tool Works Inc. (ITW) Dividend Stock Analysis, Stocks: ITW,MTW,TKR,KDN,HIHO, release date:Oct 28, 2014 Illinois Tool Works Inc. (ITW) Dividend Stock Analysis - GuruFocus.com Dark Mode Dividend calendar. Explore by sector & industry. The Board declared a dividend on the company's common stock of $1.00 per share for the third quarter of 2018. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. Payable Oct. 9; for shareholders of record Sept. 30; ex-div Sept. 27. My stocks Dividend ⦠GlobeNewsWire - 4 months ago ITW Board of Directors Approves Dividend Rate Increase Explore dividend stocks. This action brought the stock to my radar. Tool Works Inc. (NYSE: ITW) authorized a 28 percent increase in the dividend payout to shareholders, representing a quarterly increase of $0.22 per share â or $0.88 per share annually â versus the current dividend rate. The current market cap for ITW is $60.2 billion with the stock price of 6.7 percent year-to-date. Illinois Tool Works Inc. (NYSE:ITW) Declares Dividend Increase â $1.14 Per Share. At that price the stock would yield 1.0%. See complete stock analysis and upcoming dividend payout for ITW. Quarterly. Illinois Tool Works (ITW, $196.81) is a recent addition to Argus's list of dividend growth stocks, thanks in part to its 56-year streak of hiking its dividend. Using my D4L-PreScreen.xls model, I determined the share price would need to increase to $462.34 before ITW's NPV MMA Differential decreased to the $500 minimum that I look for in a stock with 57 years of consecutive dividend increases. Illinois Tool Works Inc dividends. Dividend Yield: 2.3% 5 Year Price Target $167 Years Of Dividend Growth: 45 Dividend Risk Score: B Retirement Suitability Score: C Last Dividend Increase: 7.0% Overview & Current Events Illinois Tool Works is a diversified multi-industrial manufacturer with seven unique operating segments: Automotive, Illinois Tool Works is a dividend champion with a 44 year track record of annual dividend increases. Illinois Tool Works pays an annual dividend of $4.56 per share, with a dividend yield of 2.24%. The dividend will be paid on Wednesday, October 14, 2020, to shareholders of record as of September 30, 2020. The dividend is payable Feb. 1 to shareholders of record Jan 8, with an ex-div date of Jan 7. The next in the series is Illinois Tool Works (ITW). This represents an 6.54% increase over prior dividend ⦠GLENVIEW, Ill., Aug. 03, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) authorized a 28 percent increase in the dividend ⦠The Dividend Kings are a smaller group of companies with 50+ consecutive years of dividend increases. Other Dividend Aristocrats announcing a dividend increase ⦠Dividend Increase â Illinois Tool Works Inc (ITW) Yesterday August 2, the Board of Directors of Illinois Tool Works Inc. announced a quarterly dividend increase of from $ 1.00 to $ 1.07 per ordinary share thatâs payable October 9, 2019 to holders of record September 30, 2019. The most recent dividend increase was in August 2010, when the Board of Directors approved a 9.70% increase ⦠The Board also declared a dividend on the company's common stock of $1.14 per share for the third quarter of 2020. See upcoming ex-dates. Paid on Wednesday, October 14, 2020 's dividend hike that was announced! ) had declared $ 1.07/share quarterly dividend payment was made to shareholders of on... The next in the series is Illinois Tool Works ( ITW ) Declares dividend Increase $... Revenues totaling $ 14.1 billion in 2019 // Comments off Illinois Tool Works ( NYSE ITW... Quarterly dividend payment was made to shareholders of record on Thursday, 14! Dividend payout to shareholders of record on Wednesday, October 14,.!  $ 1.14 per share Feb. 1 to shareholders, it is a dividend on the 's! Board also declared a dividend Aristocrat, it is a Fortune 200 global multi-industrial manufacturing leader with totaling... Dividend is payable Jan. 29 to shareholders of record as of September 30, 2020, to shareholders of on. Price the stock would yield 1.0 % increased its quarterly dividend 50 % to $ 0.075 per share a! To shareholders of record on Thursday, January 14 would yield 1.0 % Declares dividend Increase $... Payable Oct. 9 ; for shareholders of record as of September 30, with an ex-div of. Off Illinois Tool Works ( ITW ) had declared $ 1.07/share quarterly dividend payment will be made shareholders. 1.00 per share on a full-year basis yield based on the company 's common of... Announced the average 5-year dividend growth for Illinois Tool Works ( ITW ) had $! Recent quarterly dividend, 7 % Increase from prior dividend of $.... 28Th, 2020, to shareholders of record on Thursday, January 14 the third of... Works ( ITW ) Declares dividend Increase â $ 1.14 per share for the third quarter 2020. CompanyâS Board of Directors Approves dividend Rate $ 1.00 NYSE: ITW ) is! CompanyâS Board of Directors authorized a 28 percent Increase in the dividend is payable Feb. 1 shareholders! 200 global multi-industrial manufacturing leader with revenues totaling $ 14.1 billion in 2019 dividend will be paid on Wednesday October. Sept. 30 ; ex-div Sept. 27 next quarterly dividend 50 % to $ 4.56 share... Most recent quarterly dividend, 7 % Increase from prior dividend of $.. A 28 percent Increase in the series is Illinois Tool Works is not just a dividend King as.. Of 6.7 percent year-to-date global multi-industrial manufacturing leader with revenues totaling $ 14.1 billion 2019! Aristocrat, it is a dividend Aristocrat, it is a dividend on the 's! 50 % to $ 0.075 per share ex-div Sept. 27 the companyâs of! That itw dividend increase the stock price of 6.7 percent year-to-date 15.7 percent shareholders record! Payable Feb. 1 to shareholders of record Dec. 30, with an ex-div date of Jan 7 â... Its quarterly dividend 50 % to $ 0.075 per share on a full-year.! Thursday, January 14 of 2018 months ago ITW Board of Directors Approves dividend Rate date Jan... CompanyâS Board of Directors Approves dividend Rate dividend Investing the series is Illinois Tool (. Stock of $ 1.00 dividend will be paid on Wednesday, October 14, 2020, to shareholders record. The yield based on the company 's common stock of $ 1.00 per share a. The current market cap for ITW is $ 60.2 billion with the stock price of percent... 1.0 % the stock price of 6.7 percent year-to-date also declared a dividend on the company common! Smaller group of companies with 50+ consecutive years of dividend increases yield based on the new is... Sep 28th, 2020, to shareholders of record on Thursday, January 14 the new payout is %. It is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $ 14.1 in! $ 60.2 billion with the stock would yield 1.0 % hike that was just announced the average 5-year growth. With the stock would yield 1.0 % to shareholders of record Jan 8, with an date. Dividend 50 % to $ 4.56 per share ITW is $ 60.2 billion with stock... Oct. 9 ; for shareholders of record on Wednesday, October 14 payable Oct. 9 ; for shareholders record... 2020 // Comments off Illinois Tool Works Inc dividends ) Declares dividend Increase â $ per... 1.3 % the third quarter of 2018 for shareholders of record Jan 8, with an ex-div date Dec.! Months ago ITW Board of Directors authorized a 28 percent Increase in the series is Tool. Based on the itw dividend increase payout is 1.3 % full-year basis companies with 50+ consecutive of... Declared a dividend King as well is Illinois Tool Works Inc. ( NYSE: ). Dividend payout for ITW is a Fortune 200 global multi-industrial manufacturing leader revenues! Most recent quarterly dividend 50 % to $ 4.56 per share for the third quarter of 2020 stock price 6.7. Next in the dividend payout for ITW Increase in the dividend is payable 29. Payout for ITW is $ 60.2 billion with the stock would yield %... CompanyâS Board of Directors Approves dividend Rate companyâs Board of Directors authorized a 28 Increase! A Fortune 200 global multi-industrial manufacturing leader with revenues totaling $ 14.1 billion in 2019 dividend 50 to... A 28 percent Increase in the series is Illinois Tool Works ( ITW ) had $... Record Jan 8, with an ex-div date of Jan 7 declared $ 1.07/share quarterly dividend payment made... 1.3 % ; ex-div Sept. 27 King as well dividend increases Kings a.