ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Illinois Tool Works declared a dividend of $1.07 per share for the second quarter of 2020, amounting to $4.28 on an annual basis. This dividend will be paid on July 15, 2020 to shareholders recorded as of June 30, 2020. Illinois Tool Works reported $14.1 billion in revenues for 2019, showcasing its position as a leading global multi-industrial manufacturer.

Positive

• Declared a dividend of $1.07 per share for Q2 2020, indicating strong cash flow.
• Annual dividend projection of $4.28 per share demonstrates company confidence.

Negative

• None.

News Market Reaction – ITW

+2.59%

+2.59% Session move

In the trading session that priced this news, ITW gained 2.59%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GLENVIEW, Ill., May 08, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.07 per share for the second quarter of 2020. The dividend equates to $4.28 per share on a full-year basis. The dividend will be paid on Wednesday, July 15, 2020 to shareholders of record as of June 30, 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
Illinois Tool Works
Trisha Knych
Tel: 224.661.7566
mediarelations@itw.com

Investor Relations
Illinois Tool Works
Karen Fletcher
Tel: 224.661.7433
investorrelations@itw.com

FAQ

What is the dividend amount declared by ITW for Q2 2020?

The dividend amount declared by ITW for Q2 2020 is $1.07 per share.

When will ITW pay the dividend to shareholders?

ITW will pay the dividend on July 15, 2020.

What are the record dates for ITW's dividend payment?

The record date for ITW's dividend payment is June 30, 2020.

What is the total annual dividend amount projected by ITW?

The total annual dividend amount projected by ITW is $4.28 per share.