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ITW Board of Directors Approves Quarterly Dividend Increase From $1.40 To $1.50 Per Share

Author: Benzinga Newsdesk | August 02, 2024 11:31am

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 $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on October 11, 2024 to shareholders of record as of September 30, 2024.

Posted In: ITW


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