ITW Board of Directors Approves Dividend Rate Increase
05 August 2022 - 5:57PM
The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW)
authorized a seven percent increase to the dividend payout to
shareholders, representing a quarterly increase of $0.09 per share
– or $0.36 per share annually – versus the current dividend rate.
The Board also declared a dividend on the company's common stock of
$1.31 per share for the third quarter of 2022. The dividend equates
to $5.24 per share on a full-year basis. The dividend will be paid
on October 14, 2022 to shareholders of record as of September 30,
2022.
About Illinois Tool WorksITW
(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
Media
Contact |
Investor Relations |
Tel: 224.661.7451 |
Karen Fletcher |
mediarelations@itw.com |
Tel: 224.661.7433 |
|
investorrelations@itw.com |
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