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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Illinois Tool Works Inc. (ITW) pays a $6.44 annual dividend ($1.72 quarterly), yielding 2.39% at $269.32/share. Next ex-dividend date 2026-09-30. 30 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.39%
Annual Dividend: $6.44 per share
Payout Ratio: 57.4%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 40
Illinois Tool Works Inc. dividend has been a fixture in industrial income portfolios for decades, backed by seven operating divisions spanning automotive components, commercial food equipment, welding, and construction fastening systems. The current yield stands at 2.28%, with a trailing annual dividend rate of $6.44 per share paid quarterly. The next ex-dividend date is September 30, 2026. With a beta of 1.005, ITW tracks the broader market closely, making it a fit for dividend investors who want industrial exposure without outsized price swings.
Illinois Tool Works Inc. pays out 57.4% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves a meaningful buffer, and ITW's revenue base spans seven end markets, from automotive OEM supply to commercial food service equipment, which distributes demand across industries rather than concentrating it in one. Illinois Tool Works Inc. dividend safety faces its most credible pressure from cyclical exposure: the Automotive OEM and Construction Products segments serve industries that contract during economic downturns, which could compress earnings and tighten that payout cushion.
Illinois Tool Works Inc. dividend history shows a CAGR of 11.2% per year from 2011 to 2025. The per-share payment grew from $1.40 to $6.22 over that window (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 5.7% in 2012. Even at the floor, ITW was still raising its dividend, which tells income investors that growth has been uninterrupted across the full data range.
| 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 prioritize long, unbroken growth over maximum current income. The yield is moderate (2-4%) at 2.28%, sitting above the 5-year average of 1.93%, so buyers today are locking in a relatively higher entry yield by recent standards. Thirty consecutive years of dividend increases confirm Dividend Aristocrat status, a streak that spans multiple business cycles across ITW's seven divisions. The trade-off is straightforward: the 11.2% annual growth rate is the headline attraction, but the current yield alone will not satisfy investors who need high income now. What this stock offers is compounding dividend growth from a diversified industrial base, not a high starting yield.
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 |
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