ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

Illinois Tool Works Inc. (NYSE: ITW) announced a quarterly dividend of $1.40 per share for the 2nd quarter of 2024, totaling $5.60 per share annually. The dividend will be paid on July 11, 2024, to shareholders of record as of June 28, 2024.

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On the day this news was published, ITW gained 0.78%, reflecting a mild positive market reaction.

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GLENVIEW, Ill., May 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the 2nd quarter of 2024. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on July 11, 2024 to shareholders of record as of June 28, 2024.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 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

FAQ

What is the dividend amount declared by ITW for the 2nd quarter of 2024?

Illinois Tool Works Inc. (NYSE: ITW) declared a dividend of $1.40 per share for the 2nd quarter of 2024.

When will the dividend be paid to ITW shareholders?

The dividend will be paid on July 11, 2024, to shareholders of record as of June 28, 2024.

What is the annual dividend per share for ITW based on the latest declaration?

The annual dividend per share for ITW based on the latest declaration is $5.60 per share.

What is the stock symbol of Illinois Tool Works Inc.?

The stock symbol of Illinois Tool Works Inc. is ITW.