ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Illinois Tool Works declared a $1.14 per share dividend for Q1 2021, totaling $4.56 annually. Payment is set for April 14, 2021, to shareholders on record by March 31, 2021. In 2020, ITW reported revenues of $12.6 billion, leveraging a decentralized and entrepreneurial culture among its 43,000 employees. ITW operates across seven segments, delivering innovative solutions with best-in-class margins.

Positive

• Dividend declared at $1.14 per share indicates strong shareholder returns.
• Annual dividend equates to $4.56 per share, showcasing company confidence.
• Reported revenues of $12.6 billion in 2020 highlight robust financial performance.

Negative

• None.

GLENVIEW, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.14 per share for the first quarter of 2021. The dividend equates to $4.56 per share on a full-year basis. The dividend will be paid on Wednesday, April 14, 2021 to shareholders of record as of March 31, 2021.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $12.6 billion in 2020. 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 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Media Contact	Investor Relations
Illinois Tool Works	Illinois Tool Works
Trisha Knych	Karen Fletcher
Tel: 224.661.7566	Tel: 224.661.7433
mediarelations@itw.com	investorrelations@itw.com

FAQ

What is the dividend amount declared by ITW for Q1 2021?

The dividend declared by ITW for Q1 2021 is $1.14 per share.

When will the ITW dividend be paid?

The ITW dividend will be paid on April 14, 2021.

What is the annual dividend amount for ITW?

The annual dividend amount for ITW is $4.56 per share.

What were the revenues for ITW in 2020?

ITW reported revenues of $12.6 billion in 2020.