ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

Illinois Tool Works declared a quarterly dividend of $1.22 per share, translating to $4.88 annually. This dividend will be paid on January 14, 2022 to shareholders on record by December 31, 2021. The company, recognized as a Fortune 200 multi-industrial leader, reported revenues of $12.6 billion in 2020, demonstrating its ability to drive growth with high margins across its seven segments. ITW’s commitment to innovative solutions and a decentralized culture is a key factor behind its solid performance.

Positive

• Declared a quarterly dividend of $1.22 per share, reflecting a strong commitment to shareholder returns.
• Annual dividend yield of $4.88 per share indicates robust financial health.
• Generated $12.6 billion in revenue for 2020, showcasing strong market performance.

Negative

• None.

GLENVIEW, Ill., Oct. 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.22 per share for the fourth quarter of 2021. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on January 14, 2022 to shareholders of record as of December 31, 2021.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $12.6 billion in 2020. 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 43,000 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
Tel: 224.661.7451	Tel: 224.661.7433
mediarelations@itw.com	investorrelations@itw.com

FAQ

What is the dividend amount declared by ITW for the fourth quarter of 2021?

ITW declared a dividend of $1.22 per share for the fourth quarter of 2021.

When will the ITW dividend be paid?

The ITW dividend will be paid on January 14, 2022.

What is the total annual dividend for ITW?

The total annual dividend for ITW is $4.88 per share.

What date is the record for ITW's dividend payment?

The record date for ITW's dividend payment is December 31, 2021.