ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Illinois Tool Works declared a dividend of $1.22 per share for Q1 2022, amounting to $4.88 for the year. This dividend will be paid on April 14, 2022 to shareholders of record by March 31, 2022. In 2021, ITW generated $14.5 billion in revenues, driven by its seven segments using the unique ITW Business Model for growth and profitability. The company's decentralized culture supports its approximately 45,000 employees worldwide.

Positive

• Declared a quarterly dividend of $1.22 per share, indicating strong cash flow and shareholder return.
• Total revenue of $14.5 billion for 2021 demonstrates robust business performance.

Negative

• None.

GLENVIEW, Ill., Feb. 11, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.22 per share for the first quarter of 2022. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on April 14, 2022 to shareholders of record as of March 31, 2022.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.5 billion in 2021. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Media Contact	Investor Relations
Tel: 224.661.7451	Karen Fletcher
mediarelations@itw.com	Tel: 224.661.7433
	investorrelations@itw.com

                                    
                                                      
                                                   
                                         
                                               

FAQ

What is the dividend amount declared by ITW for Q1 2022?

The dividend amount declared by ITW for Q1 2022 is $1.22 per share.

When will the ITW dividend be paid?

The ITW dividend will be paid on April 14, 2022.

What is the total annual dividend for ITW based on the Q1 2022 announcement?

The total annual dividend for ITW based on the Q1 2022 announcement is $4.88 per share.

What are the record date details for ITW's Q1 2022 dividend?

The record date for ITW's Q1 2022 dividend is March 31, 2022.

How much revenue did ITW generate in 2021?

ITW generated $14.5 billion in revenue in 2021.