Itw board of directors approves dividend rate increase

Glenview, ill., aug. 06, 2021 (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 $0.08 per share – or $0.32 per share annually – versus the current dividend rate. the board also declared a dividend on the company's common stock of $1.22 per share for the third quarter of 2021. the dividend equates to $4.88 per share on a full-year basis. the dividend will be paid on thursday, october 14, 2021, to shareholders of record as of september 30, 2021.
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