ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Illinois Tool Works (NYSE: ITW) declared a quarterly dividend of $1.31 per share, amounting to $5.24 annually. The dividend is scheduled for payment on April 13, 2023, to shareholders on record as of March 31, 2023. In 2022, ITW reported revenues of $15.9 billion, reflecting its status as a leading multi-industrial manufacturer. The company emphasizes innovative, customer-focused solutions across its seven industry segments, supported by a decentralized and entrepreneurial culture.

Positive

• Quarterly dividend declared at $1.31 per share, indicating strong cash flow.
• Annual dividend total of $5.24 per share, showcasing commitment to returning value to shareholders.
• 2022 revenue of $15.9 billion, emphasizing robust market presence and operational stability.

Negative

• None.

GLENVIEW, Ill., Feb. 10, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.31 per share for the first quarter of 2023. The dividend equates to $5.24 per share on a full-year basis. The dividend will be paid on April 13, 2023 to shareholders of record as of March 31, 2023.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $15.9 billion in 2022. 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 46,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Media Contact Tel: 224.661.7451 mediarelations@itw.com		Investor Relations Karen Fletcher Tel: 224.661.7433 investorrelations@itw.com

FAQ

What is the dividend amount declared by ITW for Q1 2023?

ITW declared a dividend of $1.31 per share for the first quarter of 2023.

When will the dividend be paid to shareholders?

The dividend will be paid on April 13, 2023.

What is the annual dividend total for ITW?

The annual dividend total for ITW is $5.24 per share.

When is the record date for the dividend?

The record date for the dividend is March 31, 2023.

What were ITW's revenues in 2022?

ITW reported revenues of $15.9 billion in 2022.