The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Illinois Tool Works Inc. (ITW) pays a $6.44 annual dividend ($1.72 quarterly), yielding 2.54% at $272.36/share. Next ex-dividend date 2026-09-30. 30 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.54%
Annual Dividend: $6.44 per share
Payout Ratio: 58.4%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 41
Illinois Tool Works Inc. dividend has been paid without interruption for decades, backed by a diversified industrial business spanning automotive components, food equipment, welding products, and construction fasteners. The current yield stands at 2.6%, with trailing twelve-month payments of $6.44 per share paid quarterly. The next ex-dividend date is September 30, 2026, with the last declared payment of $1.72 per share. A Dividend Aristocrat with 30 consecutive years of increases, ITW suits dividend investors who value growth consistency over high current income, as reflected in its near-market beta of 0.975.
Illinois Tool Works Inc. pays out 58.4% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer, and ITW's seven operating segments, ranging from automotive OEM fasteners to commercial food equipment and MRO fluids, spread revenue across multiple end markets rather than depending on a single industry cycle. Illinois Tool Works Inc. dividend safety faces its most direct pressure from cyclical exposure: segments like Automotive OEM and Construction Products are sensitive to manufacturing and housing demand, which can compress earnings and tighten that payout cushion during downturns.
Illinois Tool Works Inc. dividend history shows a CAGR of 11.2% per year from 2011 to 2025. Per-share payments grew from $1.40 to $6.22 over that span (2026 data is partial and excluded from the rate calculation). The smallest annual increase in the window was 5.7% in 2012, and even that floor represents a raise, not a pause.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.1% | $5.06 (2022) | $6.22 (2025) |
| 5-Year | +7.1% | $4.42 (2020) | $6.22 (2025) |
| 10-Year | +11.6% | $2.07 (2015) | $6.22 (2025) |
ITW stock fits dividend investors who want a growing income stream from a diversified industrial business rather than maximum current yield. The yield is moderate (2–4%) at 2.6%, sitting above the stock's own 5-year average of 2.26%, which means buyers today are locking in a slightly better entry yield than the recent norm. Thirty consecutive years of increases confirm Dividend Aristocrat status, and an 11.2% annual growth rate over 14 years is the defining strength here. The trade-off is straightforward: growth is the story, not yield size, so investors who need high current income from day one will find ITW's 2.6% limiting.
ITW is a Dividend Aristocrat with 30 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $1.7200 |
| 2026-06-30 | $1.6100 |
| 2026-03-31 | $1.6100 |
| 2025-12-31 | $1.6100 |
| 2025-09-30 | $1.6100 |
| 2025-06-30 | $1.5000 |
| 2025-03-31 | $1.5000 |
| 2024-12-31 | $1.5000 |
| 2024-09-30 | $1.5000 |
| 2024-06-28 | $1.4000 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.9400 |
| 2025 | $6.2200 |
| 2024 | $5.8000 |
| 2023 | $5.4200 |
| 2022 | $5.0600 |
Project income from ITW with the ITW dividend calculator or track your full portfolio with the dividend tracker.