ITW Board of Directors Approves Dividend Rate Increase
August 06 2021 - 01:51PM
The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW)
authorized a seven percent increase to the dividend payout to
shareholders, representing a quarterly increase of $0.08 per share
– or $0.32 per share annually – versus the current dividend rate.
The Board also declared a dividend on the company's common stock of
$1.22 per share for the third quarter of 2021. The dividend equates
to $4.88 per share on a full-year basis. The dividend will be paid
on Thursday, October 14, 2021, to shareholders of record as of
September 30, 2021.
About Illinois Tool WorksITW
(NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing
leader with revenues totaling $12.6 billion in 2020. The company’s
seven industry-leading segments leverage the unique ITW Business
Model to drive solid growth with best-in-class margins and returns
in markets where highly innovative, customer-focused solutions are
required. ITW’s approximately 43,000 dedicated colleagues around
the world thrive in the company’s decentralized and entrepreneurial
culture. www.itw.com
Media RelationsIllinois Tool WorksTel:
224.661.7451mediarelations@itw.com |
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Investor RelationsIllinois Tool WorksKaren
FletcherTel: 224.661.7433investorrelations@itw.com |
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