Itw board of directors approves dividend rate increase

Glenview, ill., aug. 02, 2024 (globe newswire) -- the board of directors of illinois tool works inc. (nyse: itw) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. the board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. the dividend equates to $6.00 per share on a full-year basis. the dividend will be paid on october 11, 2024 to shareholders of record as of september 30, 2024.
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