ITW Illinois Tool Works dividend history, payout ratio & dates
Illinois Tool Works's last dividend payment of $1.5 per share was made to shareholders on record before Sep 30, 2024. The dividend payment stands at $4.3 per share annually, which equates to a dividend yield of 1.67%. The latest ITW stock dividend of $1.5 is an increase from the previous $1.4 distribution, representing a growth of 7%.
Key dates
- ITW last dividend date: Sep 30, 2024
ITW dividend stats
vs. Industrials sector
Dividend yield
Illinois Tool Works's dividend yield of 1.67% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.49%, Illinois Tool Works's dividend yield is 12% higher. The current dividend yield is below the historical average of 2.2% of the last 5 years.
Dividend history
Illinois Tool Works has been paying dividends for the last 30 years. According to our records ITW has issued three dividends in the last twelve months. The annualized DPS marks a decrease of 19% since one year ago. And with the stock price up by 9% from a year ago, the dividend yield marks a decrease of 26%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 30, 2024 | $1.5 | 1.64% |
| Jun 28, 2024 | $1.4 | 1.77% |
| Mar 27, 2024 | $1.4 | 1.53% |
| Sep 28, 2023 | $1.4 | 2.3% |
| Jun 29, 2023 | $1.31 | 2.11% |
| Mar 30, 2023 | $1.31 | 2.15% |
| Dec 29, 2022 | $1.31 | 2.28% |
| Sep 29, 2022 | $1.31 | 2.7% |
| Jun 29, 2022 | $1.22 | 2.7% |
| Mar 30, 2022 | $1.22 | 2.24% |
| Dec 30, 2021 | $1.22 | 1.92% |
| Sep 29, 2021 | $1.22 | 2.18% |
| Jun 29, 2021 | $1.14 | 2.04% |
| Mar 30, 2021 | $1.14 | 2% |
| Dec 30, 2020 | $1.14 | 2.19% |
| Sep 29, 2020 | $1.14 | 2.25% |
| Jun 29, 2020 | $1.07 | 2.51% |
| Mar 30, 2020 | $1.07 | 2.96% |
| Dec 30, 2019 | $1.07 | 2.3% |
| Sep 27, 2019 | $1.07 | 2.63% |
| Jun 27, 2019 | $1 | 2.68% |
| Mar 28, 2019 | $1 | 2.65% |
| Dec 28, 2018 | $1 | 2.85% |
| Sep 27, 2018 | $1 | 2.35% |
| Jun 28, 2018 | $0.78 | 2.25% |
| Mar 28, 2018 | $0.78 | 1.94% |
| Dec 28, 2017 | $0.78 | 1.72% |
| Sep 28, 2017 | $0.78 | 1.85% |
| Jun 28, 2017 | $0.65 | 1.81% |
| Mar 29, 2017 | $0.65 | 1.89% |
| Dec 28, 2016 | $0.65 | 1.96% |
| Sep 28, 2016 | $0.65 | 1.92% |
| Jun 28, 2016 | $0.55 | 2.19% |
| Mar 29, 2016 | $0.55 | 2.11% |
| Dec 29, 2015 | $0.55 | 2.2% |
| Sep 28, 2015 | $0.55 | 2.49% |
| Jun 26, 2015 | $0.485 | 2.09% |
| Mar 27, 2015 | $0.485 | 1.94% |
Illinois Tool Works dividend payout ratio
Payout ratio
Illinois Tool Works's payout ratio of 42% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 31.2%, Illinois Tool Works's payout ratio is 35% higher.
Total amount of dividends paid per financial year (from cash flow)
ITW dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MMM 3M Co | 3.31% | $4.41 | 257.9% |
| FAST Fastenal Co | 2.55% | $1.9 | 94.5% |
| ITW Illinois Tool Works Inc | 1.66% | $4.3 | 42% |
| FLS Flowserve Corp | 1.51% | $0.83 | 42.8% |
| LECO Lincoln Electric Holdings Inc | 1.48% | $2.84 | 31.7% |
| GGG Graco Inc | 1.16% | $1 | 33.7% |
| NDSN Nordson Corp | 1.1% | $2.82 | 34.1% |
| DOV DOVER Corp | 1.07% | $2.05 | 19% |
| PH Parker Hannifin Corp | 0.98% | $6.22 | 28.1% |
| IR Ingersoll Rand Inc | 0.08% | $0.08 | 3.9% |
Frequently asked questions
Does Illinois Tool Works pay a dividend?
Yes, Illinois Tool Works has been paying dividends for the last 30 years.
When was ITW's last dividend?
Illinois Tool Works's last dividend ex-date was on Sep 30, 2024. The dividend amount was $1.5 per share.
How much dividend does Illinois Tool Works pay (per share)?
ITW's annualized dividend per share is $4.3.
What is Illinois Tool Works's dividend yield?
Currently Illinois Tool Works's dividend yield is 1.67%.
What is Illinois Tool Works's dividend payout ratio?
Illinois Tool Works's dividend payout ratio is 42%.
Does Illinois Tool Works pay a good dividend?
Illinois Tool Works's dividend yield is above the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.