ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

Illinois Tool Works (NYSE: ITW) has declared a dividend of $1.22 per share for Q2 2022, translating to an annualized total of $4.88. The payment is set for July 14, 2022, to shareholders on record as of June 30, 2022.

In 2021, ITW reported revenues of $14.5 billion. The company operates seven industry-leading segments, employing approximately 45,000 individuals globally, showcasing a commitment to decentralized and innovative business practices.

Positive

• Dividend of $1.22 per share boosts shareholder income.
• Strong revenue of $14.5 billion in 2021 indicates robust financial health.
• Company's decentralized model enhances innovation and customer focus.

Negative

• None.

GLENVIEW, Ill., May 06, 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 second quarter of 2022. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on July 14, 2022 to shareholders of record as of June 30, 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 Q2 2022?

The dividend amount declared by ITW for Q2 2022 is $1.22 per share.

When will ITW's dividend be paid?

ITW's dividend will be paid on July 14, 2022.

What is the total annual dividend for ITW?

The total annual dividend for ITW is $4.88 per share.

Who are eligible shareholders for ITW's dividend?

Shareholders of record as of June 30, 2022, are eligible for ITW's dividend.

What were ITW's revenues for 2021?

ITW reported revenues of $14.5 billion in 2021.