ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

Illinois Tool Works (NYSE: ITW) announced its Board of Directors has declared a quarterly dividend of $1.50 per share for the first quarter of 2025. This dividend translates to an annual rate of $6.00 per share. The payment is scheduled for April 10, 2025, and will be distributed to shareholders who are on record as of March 31, 2025.

Positive

• Quarterly dividend maintained at $1.50 per share
• Annual dividend rate of $6.00 per share demonstrates strong shareholder returns
• Consistent dividend payment schedule indicates financial stability

Negative

• None.

Insights

Financial Analyst

The declared quarterly dividend of $1.50 per share, annualizing to $6.00, reflects ITW's robust financial position and commitment to shareholder returns. This dividend announcement is particularly noteworthy given the current market environment where consistent dividend payments signal financial strength and operational stability.

ITW's ability to maintain substantial dividend payments stems from its diversified industrial portfolio and efficient operating model, which generates strong free cash flows across economic cycles. The company's multi-industrial business model, spanning seven distinct segments, provides resilience and stability to support these dividend commitments.

From an investor perspective, this regular dividend declaration reinforces ITW's position as a reliable income-generating investment within the industrial sector. The company's track record of dividend payments, supported by its strong balance sheet and operational excellence, makes it particularly attractive for income-focused portfolios seeking stable, long-term returns.

GLENVIEW, Ill., Feb. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.50 per share for the first quarter of 2025. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on April 10, 2025 to shareholders of record as of March 31, 2025.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $15.9 billion in 2024. 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 44,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Investor Relations & Media Contact:                                                  
Erin Linnihan
Tel: 224.661.7431
investorrelations@itw.com | mediarelations@itw.com

FAQ

What is ITW's quarterly dividend amount for Q1 2025?

ITW's quarterly dividend for Q1 2025 is $1.50 per share.

When will ITW pay its Q1 2025 dividend?

ITW will pay its Q1 2025 dividend on April 10, 2025.

What is the record date for ITW's Q1 2025 dividend?

The record date for ITW's Q1 2025 dividend is March 31, 2025.

What is ITW's annual dividend rate for 2025?

ITW's annual dividend rate is $6.00 per share, based on the quarterly dividend of $1.50.