ITW Dividend Calculator
Calculate how much dividend income Illinois Tool Works Inc. (ITW) could generate with reinvestment. Pre-loaded with ITW's current 2.28% yield and 5.7% dividend growth rate.
Dividend Yield: 2.28%
Annual Dividend: $6.44 per share
Share Price: $282.97
Payout Ratio: 57.7%
ITW DRIP Calculator
Model ITW dividend reinvestment with customizable yield, growth rate, contribution, and time horizon. Compare DRIP vs no-DRIP returns and see year-by-year projection tables.
5-Year Dividend Growth Rate (CAGR): 5.7% per year
Frequently Asked Questions
- What is ITW's current dividend yield?
- ITW (Illinois Tool Works Inc.) currently has a dividend yield of 2.28%. This means for every $10,000 invested, you would receive approximately $228 per year in dividend income before taxes.
- How much ITW do I need to make $1,000 per month in dividends?
- To earn $1,000 per month ($12,000/year) from ITW at its current yield of 2.28%, you would need approximately $526,316 invested. With dividend reinvestment and growth, you may need less over time.
- Does ITW pay monthly dividends?
- No, ITW pays dividends quarterly (4 times per year). You can build monthly income by combining it with other stocks that pay in different months.
- Is ITW's dividend safe?
- ITW's payout ratio is 57.7%, which is generally considered safe. The company retains enough earnings to sustain and potentially grow its dividend.
- What is ITW's dividend growth rate?
- ITW's 5-year dividend compound annual growth rate (CAGR) is approximately 5.7% per year. This growth rate is pre-loaded into the calculator above to give you a realistic projection.
See full dividend history and analysis on the ITW dividend page.