Illinois Tool Works's last quarterly dividend payment of $1.31 per share was made to shareholders on record before Dec 29, 2022. The dividend payment stands at $5.06 per share annually, which equates to a dividend yield of 2.16%.
Illinois Tool Works's dividend yield of 2.16% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.52%, Illinois Tool Works's dividend yield is 42% higher. The current dividend yield is below the historical average of 2.4% of the last 5 years.
Illinois Tool Works has been paying dividends for the last 29 years. According to our records ITW has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 7% since one year ago. However with the stock price up by 10% from a year ago, the dividend yield marks a decrease of 2.8%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 29, 2022 | Jan 12, 2023 | Oct 28, 2022 | $1.31 | normal |
| Sep 29, 2022 | Oct 14, 2022 | Aug 5, 2022 | $1.31 | normal |
| Jun 29, 2022 | Jul 14, 2022 | May 6, 2022 | $1.22 | normal |
| Mar 30, 2022 | Apr 14, 2022 | Feb 11, 2022 | $1.22 | normal |
| Dec 30, 2021 | Jan 14, 2022 | Oct 29, 2021 | $1.22 | normal |
| Sep 29, 2021 | Oct 14, 2021 | Aug 6, 2021 | $1.22 | normal |
| Jun 29, 2021 | Jul 15, 2021 | May 7, 2021 | $1.14 | normal |
| Mar 30, 2021 | Apr 14, 2021 | Feb 12, 2021 | $1.14 | normal |
| Dec 30, 2020 | Jan 14, 2021 | Oct 30, 2020 | $1.14 | normal |
| Sep 29, 2020 | Oct 14, 2020 | Aug 7, 2020 | $1.14 | normal |
| Jun 29, 2020 | Jul 15, 2020 | May 8, 2020 | $1.07 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Feb 14, 2020 | $1.07 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Oct 28, 2019 | $1.07 | normal |
| Sep 27, 2019 | Oct 9, 2019 | Aug 2, 2019 | $1.07 | normal |
| Jun 27, 2019 | Jul 10, 2019 | May 3, 2019 | $1 | normal |
| Mar 28, 2019 | Apr 10, 2019 | Feb 15, 2019 | $1 | normal |
| Dec 28, 2018 | Jan 10, 2019 | Nov 1, 2018 | $1 | normal |
| Sep 27, 2018 | Oct 9, 2018 | Aug 3, 2018 | $1 | normal |
| Jun 28, 2018 | Jul 11, 2018 | May 4, 2018 | $0.78 | normal |
| Mar 28, 2018 | Apr 10, 2018 | Feb 15, 2018 | $0.78 | normal |
| Dec 28, 2017 | Jan 10, 2018 | Oct 27, 2017 | $0.78 | normal |
| Sep 28, 2017 | Oct 10, 2017 | Aug 4, 2017 | $0.78 | normal |
| Jun 28, 2017 | Jul 12, 2017 | May 5, 2017 | $0.65 | normal |
| Mar 29, 2017 | Apr 11, 2017 | Feb 10, 2017 | $0.65 | normal |
| Dec 28, 2016 | Jan 11, 2017 | $0.65 | normal | |
| Sep 28, 2016 | Oct 6, 2016 | $0.65 | normal | |
| Jun 28, 2016 | Jul 8, 2016 | May 6, 2016 | $0.55 | normal |
| Mar 29, 2016 | Apr 7, 2016 | Feb 12, 2016 | $0.55 | normal |
| Dec 29, 2015 | Jan 7, 2016 | Oct 30, 2015 | $0.55 | normal |
| Sep 28, 2015 | Oct 6, 2015 | Aug 7, 2015 | $0.55 | normal |
Illinois Tool Works's payout ratio of 51.6% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 28.3%, Illinois Tool Works's payout ratio is 82% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MMM 3M Co | 5.72% | $5.97 | 58.5% |
| FLS Flowserve Corp | 2.6% | $0.8 | 55.6% |
| ITW Illinois Tool Works Inc | 2.16% | $5.06 | 51.6% |
| PH Parker Hannifin Corp | 1.68% | $5.32 | 54.2% |
| DOV DOVER Corp | 1.44% | $2.02 | 27% |
| LECO Lincoln Electric Holdings Inc | 1.42% | $2.32 | 28.5% |
| GGG Graco Inc | 1.25% | $0.87 | 31.7% |
| NDSN Nordson Corp | 1.18% | $2.46 | 28.4% |
Yes, Illinois Tool Works has been paying dividends for the last 29 years.
ITW's next dividend is scheduled on Mar 30, 2023 (ex-date).
Illinois Tool Works's last dividend ex-date was on Dec 29, 2022. The dividend amount was $1.31 per share.
ITW's annualized dividend per share is $5.06.
Currently Illinois Tool Works's dividend yield is 2.16%.
Illinois Tool Works pays four dividends per year.
Illinois Tool Works's dividend payout ratio is 51.6%.
Illinois Tool Works's dividend yield is above the Industrials sector average.