Illinois Tool Works (ITW) Dividend Yield, Date & History $256.50 +0.57 (+0.22%) As of 01/17/2025 03:59 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. Add Compare Share Share Dividend Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Illinois Tool Works Dividend SummaryDividend Yield2.34%Annual Dividend$6.00Recent Dividend Payment Jan. 10 Dividend Increase Track Record 55 YearsAnnualized 3-Year Dividend Growth 7.11%Dividend Payout Ratio 51.90% Illinois Tool Works (ITW) pays an annual dividend of $6.00 per share, with a dividend yield of 2.34%. The next quarterly payment of $1.50 per share was paid on Friday, January 10, to investors who owned the stock before the ex-dividend date of Tuesday, December 31. ITW has grown its dividend for 55 consecutive years, with an average annual increase of 2.32%. The company currently pays out 51.90% of its earnings and 51.25% of its cash flow as dividends. Get Dividend Stock Ideas Daily Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email to sign up for newsletter Sign Up Skip Charts & View Dividend HistoryITW Dividend Payments by QuarterDividend Payments by Quarter Chart DescriptionThe chart below displays up to four years of Illinois Tool Works' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.Open Illinois Tool Works in Dividend Calculator ITW Dividend Yield Over TimeDividend Yield Over Time Chart DescriptionThe chart below tracks Illinois Tool Works' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.Open Illinois Tool Works in Dividend Yield Calculator Illinois Tool Works vs. The CompetitionCompare Illinois Tool Works' annual dividend, yield, and 3-year growth rate with averages for Industrial and NYSE companies to evaluate its performance against the market.TypeIllinois Tool WorksIndustrial CompaniesNYSE CompaniesAnnual Dividend$6.00$0.01$1.50Dividend Yield2.34%2.19%3.71%Annualized 3-Year Dividend Growth7.11%8.91%12.26%Track Record55 years32 years25 yearsIllinois Tool Works Dividend Payout RatioDividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.TypePayout RatioBased on Trailing 12 Months of Earnings51.90%Based on This Year's Estimate59.23%Based on Next Year's Estimate56.39%Based on Cashflow51.25% Illinois Tool Works Dividend History by Quarter Custom Range 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 5 Years 10 Years All Time Time Frame * Start Date * End Date AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date10/24/2024Quarterly$1.50 - 2.35%12/31/202412/31/20241/10/20258/2/2024quarterly$1.50+$0.107.14%2.5%9/30/20249/30/202410/11/20245/3/2024quarterly$1.40 - 2.3%6/28/20246/28/20247/11/20242/9/2024quarterly$1.40 - 2.21%3/27/20243/29/20244/11/202410/26/2023Quarterly$1.40 - 2.5%12/28/202312/29/20231/11/2024 Get the Latest News and Ratings for ITW and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Illinois Tool Works and its competitors with MarketBeat's FREE daily newsletter. 8/4/2023quarterly$1.40+$0.096.87%2.25%9/28/20239/29/202310/12/20235/5/2023quarterly$1.31 - 2.28%6/29/20236/30/20237/13/20232/10/2023quarterly$1.31 - 2.24%3/30/20233/31/20234/13/2023This table shows Illinois Tool Works' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time. Illinois Tool Works Dividend - Frequently Asked Questions What is Illinois Tool Works's dividend yield? The current dividend yield for Illinois Tool Works is 2.34%. Learn more on ITW's dividend yield history. How much is Illinois Tool Works's annual dividend? The annual dividend for ITW shares is $6.00. Learn more on ITW's annual dividend history. How often does Illinois Tool Works pay dividends? Illinois Tool Works pays quarterly dividends to shareholders. When was Illinois Tool Works's most recent dividend payment? Illinois Tool Works's most recent quarterly dividend payment of $1.50 per share was made to shareholders on Friday, January 10, 2025. When was Illinois Tool Works's most recent ex-dividend date? Illinois Tool Works's most recent ex-dividend date was Tuesday, December 31, 2024. Is Illinois Tool Works's dividend growing? Over the past three years, the company's dividend has grown by an average of 7.11% per year. What track record does Illinois Tool Works have of raising its dividend? Illinois Tool Works has increased its dividend for the past 55 consecutive years. When did Illinois Tool Works last increase or decrease its dividend? The most recent change in the company's dividend was an increase of $0.10 on Friday, August 2, 2024. What is Illinois Tool Works's dividend payout ratio? The dividend payout ratio for ITW is: 51.90% based on the trailing year of earnings 59.23% based on this year's estimates 56.39% based on next year's estimates 51.25% based on cash flow Is Illinois Tool Works a good dividend stock? Illinois Tool Works' dividend yield of 2.45% is higher than the average Industrial Products company that issues a dividend. The company's 55 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Illinois Tool Works' dividend payout ratio of 51.90% is at a healthy, sustainable level, below 75% of its earnings. Looking at the stock as a whole, market analysts rate Illinois Tool Works stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time. 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