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Data last updated: Jul 17, 2026
Snapshot (as of Jul 17, 2026): Illinois Tool Works Inc. (ITW) pays a $6.44 annual dividend ($1.61 quarterly), yielding 2.28% at $282.97/share. Next ex-dividend date 2026-06-30. 30 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.28%
Annual Dividend: $6.44 per share
Payout Ratio: 57.7%
Ex-Dividend Date: 2026-06-30
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 40
Illinois Tool Works Inc. dividend has been paid without interruption for decades, backed by a diversified industrial business spanning seven segments from automotive components to commercial food equipment. ITW currently yields 2.36%, with a trailing annual dividend rate of $6.44 per share paid quarterly. The next ex-dividend date is June 30, 2026. A Dividend Aristocrat with 30 consecutive years of increases, ITW stock carries a beta of 1.011, making it a close match for investors who want market-rate volatility paired with a growing income stream.
Illinois Tool Works Inc. pays out 57.7% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, and ITW's seven operating segments, ranging from welding equipment to construction fastening systems, serve a broad mix of industrial end markets that collectively support demand across the business. Illinois Tool Works Inc. dividend safety faces its most direct test from cyclical exposure: the Automotive OEM and Construction Products segments are tied to new vehicle production and housing activity, both of which contract during economic 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 window (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 5.7% in 2012, which sets a floor for what slower growth has looked like historically.
| 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 a high starting yield. The current yield of 2.36% sits in the moderate (2–4%) range, and it runs above the 5-year average yield of 2.0%, so buyers today are getting slightly more income than the historical norm. Thirty consecutive years of dividend increases confirm Dividend Aristocrat status, a streak that spans multiple industrial cycles. The trade-off is straightforward: the 11.2% annual growth rate is the headline attraction, but the yield itself is modest, so the income story depends heavily on holding long enough for compounding to matter.
ITW is a Dividend Aristocrat with 30 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-03-27 | $1.4000 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2200 |
| 2025 | $6.2200 |
| 2024 | $5.8000 |
| 2023 | $5.4200 |
| 2022 | $5.0600 |
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