ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Illinois Tool Works (NYSE: ITW) has announced its quarterly dividend declaration for Q4 2024. The Board of Directors approved a dividend of $1.50 per share, equivalent to an annual dividend of $6.00 per share. The dividend will be distributed on January 10, 2025, to shareholders recorded as of December 31, 2024.

Positive

Maintained quarterly dividend of $1.50 per share
Annualized dividend of $6.00 per share demonstrates strong shareholder returns

Negative

None.

News Market Reaction 1 Alert

-0.31% News Effect

On the day this news was published, ITW declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

10/24/2024 - 09:22 AM

GLENVIEW, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.50 per share for the fourth quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on January 10, 2025 to shareholders of record as of December 31, 2024.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. 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 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Investor Relations & Media Contact:
Erin Linnihan
Tel: 224.661.7431
investorrelations@itw.com | mediarelations@itw.com