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ITW Illinois Tool Works dividend history, payout ratio & dates

Illinois Tool Works's last quarterly dividend payment of $1.4 per share was made to shareholders on record before Mar 27, 2024. The dividend payment stands at $5.51 per share annually, which equates to a dividend yield of 2.2%.

Key dates

  • ITW last dividend date: Mar 27, 2024
  • ITW next dividend date: Jun 28, 2024
ITW dividend stats
DPS
$5.51
Dividend yield
2.2%
Payout ratio
54.2%
vs. Industrials sector
Dividend yield
1.44%
Payout ratio
31.7%

Dividend yield

What is Illinois Tool Works current dividend yield

Illinois Tool Works's dividend yield of 2.2% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.44%, Illinois Tool Works's dividend yield is 53% higher. The current dividend yield is similar to the historical average of 2.3% of the last 5 years.

Dividend history

What is ITW dividend payout history and dates

Illinois Tool Works has been paying dividends for the last 30 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 9% from a year ago, the dividend yield marks a decrease of 2%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 27, 2024 Apr 11, 2024 Feb 9, 2024 $1.4 normal
Dec 28, 2023 Jan 11, 2024 Oct 26, 2023 $1.4 normal
Sep 28, 2023 Oct 12, 2023 Aug 4, 2023 $1.4 normal
Jun 29, 2023 Jul 13, 2023 May 5, 2023 $1.31 normal
Mar 30, 2023 Apr 13, 2023 Feb 10, 2023 $1.31 normal
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 dividend payout ratio

What is Illinois Tool Works dividend payout ratio compared to the sector

Payout ratio

Illinois Tool Works's payout ratio of 54.2% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 31.7%, Illinois Tool Works's payout ratio is 71% higher.

Total amount of dividends paid per financial year (from cash flow)

ITW dividend vs peer dividends

How does ITW dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MMM 3M Co 5.71% $6.01 N/A
FAST Fastenal Co 2.23% $1.48 73.3%
ITW Illinois Tool Works Inc 2.2% $5.51 54.2%
FLS Flowserve Corp 1.63% $0.81 45.5%
LECO Lincoln Electric Holdings Inc 1.19% $2.7 28.2%
GGG Graco Inc 1.18% $0.98 32.9%
PH Parker Hannifin Corp 1.11% $6.07 28.2%
DOV DOVER Corp 1.11% $2.04 19.4%
NDSN Nordson Corp 0.99% $2.69 31.2%

Frequently asked questions

Does Illinois Tool Works pay a dividend?

Yes, Illinois Tool Works has been paying dividends for the last 30 years.

When is Illinois Tool Works's next dividend?

ITW's next dividend is scheduled on Jun 28, 2024 (ex-date).

When was ITW's last dividend?

Illinois Tool Works's last dividend ex-date was on Mar 27, 2024. The dividend amount was $1.4 per share.

How much dividend does Illinois Tool Works pay (per share)?

ITW's annualized dividend per share is $5.51.

What is Illinois Tool Works's dividend yield?

Currently Illinois Tool Works's dividend yield is 2.2%.

How often does Illinois Tool Works pay dividends?

Illinois Tool Works pays four dividends per year.

What is Illinois Tool Works's dividend payout ratio?

Illinois Tool Works's dividend payout ratio is 54.2%.

Does Illinois Tool Works pay a good dividend?

Illinois Tool Works's dividend yield is above the Industrials sector average.