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Illinois Tool Works (ITW) Dividend Yield, Date & History

Illinois Tool Works logo
$257.64 -1.18 (-0.46%)
(As of 12/23/2024 05:26 PM ET)

Illinois Tool Works Dividend Summary

Dividend Yield
2.33%
Annual Dividend
$6.00
Next
Dividend Payment
Jan. 10
Dividend Increase
Track Record
55 Years
Annualized 3-Year
Dividend Growth
7.03%
Dividend Payout Ratio
51.90%

Illinois Tool Works (ITW) pays an annual dividend of $6.00 per share, with a dividend yield of 2.33%. The next quarterly payment of $1.50 per share is scheduled for Friday, January 10, to investors who own 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 2.29%. The company currently pays out 51.90% of its earnings and 56.85% of its cash flow as dividends.

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ITW Dividend Payments by Quarter

The 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.

ITW Dividend Yield Over Time

The 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.

Illinois Tool Works vs. The Competition

Compare 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 Companies
Annual Dividend$6.00$0.01$1.39
Dividend Yield2.33%2.15%3.66%
Annualized 3-Year Dividend Growth7.03%11.38%15.74%
Track Record55 years31 years25 years

Illinois Tool Works Dividend Payout Ratio

Dividend 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 Ratio
Based on Trailing 12 Months of Earnings51.90%
Based on This Year's Estimate59.23%
Based on Next Year's Estimate56.34%
Based on Cashflow56.85%

Illinois Tool Works Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/24/2024Quarterly$1.50 - 2.35%12/31/202412/31/20241/10/2025
8/2/2024quarterly$1.50+$0.10
7.14%
2.5%9/30/20249/30/202410/11/2024
5/3/2024quarterly$1.40 - 2.3%6/28/20246/28/20247/11/2024
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2/9/2024quarterly$1.40 - 2.21%3/27/20243/29/20244/11/2024
10/26/2023Quarterly$1.40 - 2.5%12/28/202312/29/20231/11/2024
8/4/2023quarterly$1.40+$0.09
6.87%
2.25%9/28/20239/29/202310/12/2023
5/5/2023quarterly$1.31 - 2.28%6/29/20236/30/20237/13/2023
2/10/2023quarterly$1.31 - 2.24%3/30/20233/31/20234/13/2023

This 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

The current dividend yield for Illinois Tool Works is 2.33%. Learn more on ITW's dividend yield history.

The annual dividend for ITW shares is $6.00. Learn more on ITW's annual dividend history.

Illinois Tool Works pays quarterly dividends to shareholders.

Illinois Tool Works's next quarterly dividend payment of $1.50 per share will be made to shareholders on Friday, January 10, 2025.

Illinois Tool Works's most recent quarterly dividend payment of $1.50 per share was made to shareholders on Friday, October 11, 2024.

Illinois Tool Works's next ex-dividend date is Tuesday, December 31, 2024.

Illinois Tool Works's most recent ex-dividend date was Monday, September 30, 2024.

Over the past three years, the company's dividend has grown by an average of 7.03% per year.

Illinois Tool Works has increased its dividend for the past 55 consecutive years.

The most recent change in the company's dividend was an increase of $0.10 on Friday, August 2, 2024.

The dividend payout ratio for ITW is:
  • 51.90% based on the trailing year of earnings
  • 59.23% based on this year's estimates
  • 56.34% based on next year's estimates
  • 56.85% based on cash flow

Illinois Tool Works' dividend yield of 2.32% 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.


This page (NYSE:ITW) was last updated on 12/24/2024 by MarketBeat.com Staff
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