ITW Board of Directors Declares Quarterly Dividend
Rhea-AI Summary
Illinois Tool Works (NYSE: ITW) declared a quarterly cash dividend of $1.61 per share for Q2 2026, equal to $6.44 per share on a full-year basis. The dividend will be paid on July 10, 2026 to shareholders of record as of June 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Quarterly dividend declared of $1.61 per share for Q2 2026
- Annualized dividend equals $6.44 per share on a full-year basis
- Payment timing set for July 10, 2026 with record date June 30, 2026
Negative
- None.
News Market Reaction – ITW
On the day this news was published, ITW declined 0.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Management,dividends Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 13 | Quarterly dividend | Positive | +0.4% | Declared Q1 2026 dividend of $1.61 per share, $6.44 annualized. |
| Oct 29 | Quarterly dividend | Positive | -1.6% | Declared Q4 2025 dividend of $1.61 per share, $6.44 annualized. |
| Aug 01 | Dividend increase | Positive | -1.4% | Approved 7% increase, raising quarterly dividend to $1.61 per share. |
| May 02 | Quarterly dividend | Positive | +1.3% | Declared Q2 2025 dividend of $1.50 per share, $6.00 annual rate. |
| Feb 14 | Quarterly dividend | Positive | -0.8% | Declared Q1 2025 dividend of $1.50 per share, $6.00 annual rate. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Dividend and management updates have generally been positive but produced small, often negative, next‑day moves, indicating limited upside reaction to these announcements.
Over the past year, ITW has repeatedly communicated on dividends and capital returns. Prior releases on Feb 14, 2025 and May 2, 2025 set and reaffirmed a quarterly dividend of $1.50 (annual rate $6.00). On Aug 1, 2025, the board approved a 7% increase to $1.61 (annual $6.44), which has since been maintained in subsequent announcements on Oct 29, 2025 and Feb 13, 2026. Price reactions to these clearly positive updates have been modest and often negative.
Historical Comparison
In the past year, ITW released 5 management/dividend updates with an average next‑day move of -0.42%, indicating typically modest, slightly negative reactions to similar announcements.
Dividend communications show a step-up from $1.50 to $1.61 per share in 2025 and subsequent reaffirmations at $1.61, highlighting a maintained higher payout level.
Regulatory & Risk Context
AI-generated analysis. How Rhea-AI works. Not financial advice.
GLENVIEW, Ill., May 08, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of
About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of
Investor Relations & Media Contact:
Erin Linnihan
Tel: 224.661.7431
investorrelations@itw.com | mediarelations@itw.com
