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Illinois Tool Works (ITW) Dividend: History, Dates & Yield - 2024

Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-31$1.50quarterly2025-01-10
2024-09-30$1.50quarterly2024-10-11
2024-06-28$1.40quarterly2024-07-11
2024-03-27$1.40quarterly2024-04-11
2023-12-28$1.40quarterly2024-01-11
2023-09-28$1.40quarterly2023-10-12
2023-06-29$1.31quarterly2023-07-13
2023-03-30$1.31quarterly2023-04-13
2022-12-29$1.31quarterly2023-01-12
2022-09-29$1.31quarterly2022-10-14

Dividend Increase

CompanyDividend YieldAnnual DividendStock Price
Illinois Tool Works (ITW)2.08%$5.800000000000001$274.07
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Dividend Yield Calculator

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Payout Ratio

Frequently Asked Question

How much is the next Illinois Tool Works dividend?
Illinois Tool Works's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Illinois Tool Works dividend. The next Illinois Tool Works dividend will be released in March, June, September, or December.
When is Illinois Tool Works dividend paid?
Illinois Tool Works pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Illinois Tool Works pay?
The specific amount of Illinois Tool Works dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Illinois Tool Works's dividend history.
Does Illinois Tool Works stock pay dividends?
Yes, Illinois Tool Works does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Illinois Tool Works's dividend history.
How much dividend does Illinois Tool Works pay?
Illinois Tool Works paid $5.8 in 2024, $5.42 in 2023, $5.06 in 2022, $4.72 in 2021, and $4.42 in 2020.
How often does Illinois Tool Works pay dividends?
Illinois Tool Works typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Illinois Tool Works's dividend yield?
The current dividend yield for Illinois Tool Works is 2.08%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Illinois Tool Works's exact dividend yield.
When does Illinois Tool Works go ex dividend?
Illinois Tool Works's ex-dividend date for the latest dividend was on 2024-12-31. Illinois Tool Works typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Illinois Tool Works dividend paid?
Illinois Tool Works pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Illinois Tool Works increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Illinois Tool Works will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Illinois Tool Works dividend per share?
Illinois Tool Works paid $5.8 per share in 2024 and $5.42 per share in 2023. The amount of dividend per share that Illinois Tool Works pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Illinois Tool Works a dividend aristocrat?
Yes, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Illinois Tool Works a dividend king?
Yes, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Illinois Tool Works a dividend stock?
Yes, Illinois Tool Works is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Illinois Tool Works a good dividend stock?
Whether Illinois Tool Works is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Illinois Tool Works has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Illinois Tool Works as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Illinois Tool Works pay dividends monthly?
Illinois Tool Works typically pays dividends on a quarterly basis.
Does Illinois Tool Works pay dividends quarterly?
Illinois Tool Works currently pays dividends on a quarterly basis.
Has Illinois Tool Works ever paid a dividend?
Yes, Illinois Tool Works has a history of paying dividends to its shareholders. Illinois Tool Works is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Illinois Tool Works dividend stocks?
To buy Illinois Tool Works you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Illinois Tool Works stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Illinois Tool Works pay dividends 2024?
Illinois Tool Works pays dividends on a quarterly basis. 2024 dividend payments are in 2025-01-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Illinois Tool Works increase its dividend in 2024?
Decisions regarding Illinois Tool Works dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Illinois Tool Works dividend overview you can look into the above table of dividend history.
How Illinois Tool Works dividend works?
The Illinois Tool Works dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Illinois Tool Works's dividend process works:

1. Determination of Dividend: Illinois Tool Works's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Illinois Tool Works publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Illinois Tool Works distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Illinois Tool Works are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Illinois Tool Works dividends paid?
Illinois Tool Works dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Illinois Tool Works sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Illinois Tool Works distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Illinois Tool Works declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Illinois Tool Works pay dividends?
Illinois Tool Works typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Illinois Tool Works pay dividends?
The general pattern is that Illinois Tool Works pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Illinois Tool Works dividend safe?
The safety of Illinois Tool Works's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Illinois Tool Works's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Illinois Tool Works's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.