Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
Illinois Tool Works Dividend Announcement
• Illinois Tool Works announced a quarterly dividend of $0.00 per ordinary share which will be made payable on 2025-01-10. Ex dividend date: 2024-12-31
• Illinois Tool Works annual dividend for 2024 was $4.30
• Illinois Tool Works annual dividend for 2023 was $5.42
• Illinois Tool Works's trailing twelve-month (TTM) dividend yield is 2.16%
• Illinois Tool Works's payout ratio for the trailing twelve months (TTM) is 48.42%
• Illinois Tool Works's dividend growth over the last five years (2018-2023) was 8.77% year
• Illinois Tool Works's dividend growth over the last ten years (2013-2023) was 12.98% year
Illinois Tool Works Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-31 | $0.00 | quarterly | 2025-01-10 |
2024-09-30 | $1.50 | quarterly | 2024-10-11 |
2024-06-28 | $1.40 | quarterly | 2024-07-11 |
2024-03-27 | $1.40 | quarterly | 2024-04-11 |
2023-12-28 | $1.40 | quarterly | 2024-01-11 |
2023-09-28 | $1.40 | quarterly | 2023-10-12 |
2023-06-29 | $1.31 | quarterly | 2023-07-13 |
2023-03-30 | $1.31 | quarterly | 2023-04-13 |
2022-12-29 | $1.31 | quarterly | 2023-01-12 |
2022-09-29 | $1.31 | quarterly | 2022-10-14 |
2022-06-29 | $1.22 | quarterly | 2022-07-14 |
2022-03-30 | $1.22 | quarterly | 2022-04-14 |
2021-12-30 | $1.22 | quarterly | 2022-01-14 |
2021-09-29 | $1.22 | quarterly | 2021-10-14 |
2021-06-29 | $1.14 | quarterly | 2021-07-15 |
2021-03-30 | $1.14 | quarterly | 2021-04-14 |
2020-12-30 | $1.14 | quarterly | 2021-01-14 |
2020-09-29 | $1.14 | quarterly | 2020-10-14 |
2020-06-29 | $1.07 | quarterly | 2020-07-15 |
2020-03-30 | $1.07 | quarterly | 2020-04-15 |
2019-12-30 | $1.07 | quarterly | 2020-01-15 |
2019-09-27 | $1.07 | quarterly | 2019-10-09 |
2019-06-27 | $1.00 | quarterly | 2019-07-10 |
2019-03-28 | $1.00 | quarterly | 2019-04-10 |
2018-12-28 | $1.00 | quarterly | 2019-01-10 |
2018-09-27 | $1.00 | quarterly | 2018-10-09 |
2018-06-28 | $0.78 | quarterly | 2018-07-11 |
2018-03-28 | $0.78 | quarterly | 2018-04-10 |
2017-12-28 | $0.78 | quarterly | 2018-01-10 |
2017-09-28 | $0.78 | quarterly | 2017-10-10 |
2017-06-28 | $0.65 | quarterly | 2017-07-12 |
2017-03-29 | $0.65 | quarterly | 2017-04-11 |
2016-12-28 | $0.65 | quarterly | 2017-01-11 |
2016-09-28 | $0.65 | quarterly | 2016-10-06 |
2016-06-28 | $0.55 | quarterly | 2016-07-08 |
2016-03-29 | $0.55 | quarterly | 2016-04-07 |
2015-12-29 | $0.55 | quarterly | 2016-01-07 |
2015-09-28 | $0.55 | quarterly | 2015-10-06 |
2015-06-26 | $0.48 | quarterly | 2015-07-07 |
2015-03-27 | $0.48 | quarterly | 2015-04-07 |
2014-12-29 | $0.48 | quarterly | 2015-01-06 |
2014-09-26 | $0.48 | quarterly | 2014-10-07 |
2014-06-26 | $0.42 | quarterly | 2014-07-08 |
2014-03-27 | $0.42 | quarterly | 2014-04-08 |
2013-12-27 | $0.42 | quarterly | 2014-01-07 |
2013-09-26 | $0.42 | quarterly | 2013-10-08 |
2013-06-26 | $0.38 | quarterly | 2013-07-09 |
2013-03-26 | $0.38 | quarterly | 2013-04-09 |
Illinois Tool Works Dividend per year
Illinois Tool Works Dividend growth
Illinois Tool Works Dividend Yield
Illinois Tool Works current trailing twelve-month (TTM) dividend yield is 2.16%. Interested in purchasing Illinois Tool Works stock? Use our calculator to estimate your expected dividend yield:
Illinois Tool Works Financial Ratios
Illinois Tool Works Dividend FAQ
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.
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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.
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.
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.