ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Illinois Tool Works declared a dividend of $1.14 per share for Q4 2020, translating to $4.56 per share annually.

This dividend is set to be paid on January 14, 2021, to shareholders of record as of December 31, 2020. Illinois Tool Works is recognized as a Fortune 200 company, reporting revenues of $14.1 billion in 2019, with a strong focus on customer-driven solutions across seven industrial segments.

Positive

• Declared a quarterly dividend of $1.14 per share, indicating strong cash flow and commitment to returning value to shareholders.
• Full-year dividend equates to $4.56 per share, showing consistent return policy.

Negative

• None.

News Market Reaction – ITW

-0.47%

-0.47% Session move

In the trading session that priced this news, ITW declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GLENVIEW, Ill., Oct. 30, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company’s common stock of $1.14 per share for the fourth quarter of 2020. The dividend equates to $4.56 per share on a full-year basis. The dividend will be paid on Thursday, January 14, 2021, to shareholders of record as of December 31, 2020.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.1 billion in 2019. 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

Media Contact	Investor Relations
Illinois Tool Works	Illinois Tool Works
Trisha Knych	Karen Fletcher
Tel: 224.661.7566	Tel: 224.661.7433
mediarelations@itw.com	investorrelations@itw.com