ITW - Illinois Tool Works raises dividend by 7% to $1.40/share
2023-08-04 12:18:45 ET
- Illinois Tool Works ( NYSE: ITW ) declares $1.40/share quarterly dividend , 6.9% increase from prior dividend of $1.31.
- Forward yield 2.26%
- Payable Oct. 12; for shareholders of record Sept. 29; ex-div Sept. 28.
- The board also approved a new share repurchase program for up to $5 billion of the company’s common stock over an open-ended period of time.
- The company’s existing share repurchase authorization of $3 billion was announced in May 2021 and has approximately $740 million remaining in that program as of June 30, 2023.
- See ITW Dividend Scorecard, Yield Chart, & Dividend Growth.
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Illinois Tool Works raises dividend by 7% to $1.40/share