Illinois Tool Works (ITW) Dividend Yield, Date & History

$246.63

+3.25 (+1.34%)

(As of 08/21/2024 ET)

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Dividend Yield: 2.43%
Annual Dividend: $6.00
Dividend Increase Track Record: 55 Years
Annualized 3-Year Dividend Growth: 7.03%
Dividend Payout Ratio: 59.17%
Next Dividend Payment: Oct. 11

ITW Dividend Payments

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ITW Dividend Yield Over Time

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Illinois Tool Works vs. The Competition

Type	Illinois Tool Works	Industrial Companies	NYSE Companies
Annual Dividend	$6.00	$1.21	$1.39
Dividend Yield	2.43%	218.04%	352.32%
Annualized 3-Year Dividend Growth	7.03%	11.29%	15.61%
Track Record	55 years	28 years	23 years

Illinois Tool Works Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	59.17%
Based on This Year's Estimates	58.54%
Based on Next Year's Estimates	55.76%
Based on Cashflow	52.72%

Illinois Tool Works Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/2/2024	quarterly	$1.50	2.5%	9/30/2024	9/30/2024	10/11/2024
5/3/2024	quarterly	$1.40	2.3%	6/28/2024	6/28/2024	7/11/2024
2/9/2024	quarterly	$1.40	2.21%	3/27/2024	3/29/2024	4/11/2024
10/26/2023	Quarterly	$1.40	2.5%	12/28/2023	12/29/2023	1/11/2024
8/4/2023	quarterly	$1.40	2.25%	9/28/2023	9/29/2023	10/12/2023
5/5/2023	quarterly	$1.31	2.28%	6/29/2023	6/30/2023	7/13/2023
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2/10/2023	quarterly	$1.31	2.24%	3/30/2023	3/31/2023	4/13/2023
10/28/2022	quarterly	$1.31	2.5%	12/29/2022	12/30/2022	1/12/2023
8/5/2022	quarterly	$1.31	2.5%	9/29/2022	9/30/2022	10/14/2022
5/6/2022	quarterly	$1.22	2.35%	6/29/2022	6/30/2022	7/14/2022
2/11/2022	quarterly	$1.22	2.21%	3/30/2022	3/31/2022	4/14/2022
10/29/2021	quarterly	$1.22	2.14%	12/30/2021	12/31/2021	1/14/2022
8/6/2021	quarterly	$1.22	2.14%	9/29/2021	9/30/2021	10/14/2021
5/10/2021	quarterly	$1.14	1.9%	6/29/2021	6/30/2021	7/15/2021
2/12/2021	quarterly	$1.14	2.31%	3/30/2021	3/31/2021	4/14/2021
10/30/2020	Quarterly	$1.14	2.26%	12/30/2020	12/31/2020	1/14/2021
8/7/2020	quarterly	$1.14	2.4%	9/29/2020	9/30/2020	10/14/2020
5/8/2020	quarterly	$1.07	2.68%	6/29/2020	6/30/2020	7/15/2020
2/14/2020	Quarterly	$1.07	2.28%	3/30/2020	3/31/2020	4/15/2020
10/28/2019	Quarterly	$1.07	2.51%	12/30/2019	12/31/2019	1/15/2020
8/2/2019	quarterly	$1.07	2.83%	9/27/2019	9/30/2019	10/9/2019
5/3/2019	quarterly	$1.00	2.55%	6/27/2019	6/28/2019	7/10/2019
2/15/2019	Quarterly	$1.00	2.77%	3/28/2019	3/29/2019	4/10/2019
11/1/2018	quarterly	$1.00	3.1%	12/28/2018	12/31/2018	1/10/2019
8/3/2018	quarterly	$1.00	2.86%	9/27/2018	9/28/2018	10/9/2018
5/4/2018	quarterly	$0.78	2.14%	6/28/2018	6/29/2018	7/11/2018
2/15/2018	quarterly	$0.78	1.9203545269896%	3/28/2018	3/30/2018	4/10/2018
10/27/2017	quarterly	$0.78	1.98%	12/28/2017	12/29/2017	1/10/2018
8/4/2017	quarterly	$0.78	2.2%	9/28/2017	9/29/2017	10/10/2017
5/5/2017	quarterly	$0.65	1.86%	6/28/2017	6/30/2017	7/12/2017
2/10/2017	quarterly	$0.65	2.01%	3/29/2017	3/31/2017	4/11/2017
10/28/2016	quarterly	$0.65	2.29%	12/28/2016	12/30/2016	1/11/2017
8/5/2016	quarterly	$0.65	2.21%	9/28/2016	9/30/2016	10/6/2016
5/6/2016	quarterly	$0.55	2.11%	6/28/2016	6/30/2016	7/8/2016
2/12/2016	quarterly	$0.55	2.32%	3/29/2016	3/31/2016	4/7/2016
10/30/2015	quarterly	$0.55	2.35%	12/29/2015	12/31/2015	1/7/2016
8/7/2015	quarterly	$0.55	2.47%	9/28/2015	9/30/2015	10/6/2015
5/8/2015	quarterly	$0.4850	2.03%	6/26/2015	6/30/2015	7/7/2015
2/13/2015	quarterly	$0.4850	1.98%	3/27/2015	3/31/2015	4/7/2015
10/31/2014	quarterly	$0.4850	2.13%	12/29/2014	12/31/2014	1/6/2015
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8/8/2014	quarterly	$0.4850	2.29%	9/26/2014	9/30/2014	10/7/2014
5/2/2014	quarterly	$0.42	1.96%	6/26/2014	6/30/2014	7/8/2014
2/14/2014	quarterly	$0.42	2.1%	3/27/2014	3/31/2014	4/8/2014
11/1/2013	quarterly	$0.42	2.12%	12/27/2013	12/31/2013	1/7/2014
8/2/2013	quarterly	$0.42	2.28%	9/26/2013	9/30/2013	10/8/2013
5/3/2013	quarterly	$0.38	2.31%	6/26/2013	6/28/2013	7/9/2013
2/15/2013	quarterly	$0.38	2.37%	3/26/2013	3/28/2013	4/9/2013

(Data available from 1/1/2013 forward)

Illinois Tool Works Dividend - Frequently Asked Questions

What is Illinois Tool Works's dividend yield?: The current dividend yield for Illinois Tool Works is 2.43%. Learn more on ITW's dividend yield history.
How much is Illinois Tool Works's annual dividend?: The annual dividend for ITW shares is $6.00. Learn more on ITW's annual dividend history.
How often does Illinois Tool Works pay dividends?: Illinois Tool Works pays quarterly dividends to shareholders.
When is Illinois Tool Works's next dividend payment?: Illinois Tool Works's next quarterly dividend payment of $1.50 per share will be made to shareholders on Friday, October 11, 2024.
When was Illinois Tool Works's most recent dividend payment?: Illinois Tool Works's most recent quarterly dividend payment of $1.40 per share was made to shareholders on Thursday, July 11, 2024.
When is Illinois Tool Works's ex-dividend date?: Illinois Tool Works's next ex-dividend date is Monday, September 30, 2024.
When was Illinois Tool Works's most recent ex-dividend date?: Illinois Tool Works's most recent ex-dividend date was Friday, June 28, 2024.
Is Illinois Tool Works's dividend growing?: Over the past three years, the company's dividend has grown by an average of 7.03% per year.
What track record does Illinois Tool Works have of raising its dividend?: Illinois Tool Works has increased its dividend for the past 55 consecutive years.
When did Illinois Tool Works last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.10 on Friday, August 2, 2024.
What is Illinois Tool Works's dividend payout ratio?: The dividend payout ratio for ITW is:
59.17% based on the trailing year of earnings

58.54% based on this year's estimates

55.76% based on next year's estimates

52.72% based on cash flow
Is Illinois Tool Works a good dividend stock?: Illinois Tool Works' dividend yield of 2.33% is higher than the average Industrial Products company that issues a dividend. The company's 55 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Illinois Tool Works' dividend payout ratio of 59.17% is at a healthy, sustainable level, below 75% of its earnings.