ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

The Board of Directors of Illinois Tool Works declared a $1.31 dividend per share for Q4 2022, amounting to $5.24 annually. This dividend will be paid on January 12, 2023, to shareholders of record by December 30, 2022. Illinois Tool Works, a global leader in multi-industrial manufacturing with $14.5 billion in revenues for 2021, operates across seven segments, emphasizing innovative, customer-focused solutions and a decentralized culture.

Positive

Dividend of $1.31 per share signals confidence in financial stability.
Annual dividend total of $5.24 suggests strong cash flow and commitment to shareholder returns.

Negative

None.

News Market Reaction 1 Alert

+3.48% News Effect

On the day this news was published, ITW gained 3.48%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

10/28/2022 - 10:03 AM

GLENVIEW, Ill., Oct. 28, 2022 (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 fourth quarter of 2022. The dividend equates to $5.24 per share on a full-year basis. The dividend will be paid on January 12, 2023 to shareholders of record as of December 30, 2022.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.5 billion in 2021. 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