Illinois Tool Works Declares $1.61 Dividend

Illinois Tool Works Inc. has declared a quarterly dividend of $1.61 per share, payable on October 10 for shareholders of record on September 30. The ex-dividend date is also September 30. This is in line with the company's dividend history and demonstrates its commitment to returning value to shareholders.

Illinois Tool Works Inc. (NYSE: ITW) has announced a quarterly dividend of $1.61 per share, payable on October 10, 2025, to shareholders of record on September 30, 2025. The ex-dividend date is also September 30, 2025. This dividend represents a 7.3% increase from the previous quarterly dividend of $1.50 per share, and it is annualized to $6.44 [3].

The dividend increase is in line with the company's historical dividend growth and demonstrates its commitment to returning value to shareholders. Illinois Tool Works has a strong dividend payout ratio of 54.5%, indicating that the dividend is sufficiently covered by earnings [4].

The dividend announcement coincides with the company's positive earnings report for the second quarter of 2025. Illinois Tool Works reported earnings of $2.58 per share, surpassing analysts' expectations, with a revenue of $4.05 billion, representing a 0.6% year-over-year increase [4]. Despite the positive earnings, the stock experienced a 1.6% decline, closing at $251.91 with a market cap of approximately $73.81 billion [4].

The company's strong financial performance and commitment to dividend growth make it an attractive investment for income-oriented investors. However, investors should also consider the company's valuation metrics, such as its P/E ratio of 22.08 and PEG ratio of 5.60, before making a decision [4].

Institutional investors and hedge funds have shown interest in Illinois Tool Works, with several recent purchases of shares. Director David Byron Smith, Jr. also recently increased his ownership in the company by buying 872 shares [4].

For a comprehensive view of Illinois Tool Works' dividend history and other related data, visit [3].

References:
[1] https://www.dividendinvestor.com/dividend-news/20250801/illinois-tool-works,-inc.-nyse-itw-declared-a-dividend-of-$1.6100-per-share/
[2] https://seekingalpha.com/news/4476986-illinois-tool-works-inc-declares-1_61-dividend
[3] https://www.streetinsider.com/Dividend+Hike/Illinois+Tool+Works+%28ITW%29+Raises+Quarterly+Dividend+7.3%25+to+%241.61%3B+2.6%25+Yield/25135210.html
[4] https://www.marketbeat.com/instant-alerts/illinois-tool-works-inc-nyseitw-increases-dividend-to-161-per-share-2025-08-01/