ITW Board of Directors Approves Dividend Rate Increase

GLENVIEW, Ill., Aug. 01, 2025 (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 $0.11 per share – or $0.44 per share annually – versus the current dividend rate. The Board also declared a dividend on the company’s common stock of $1.61 per share for the third quarter of 2025. The dividend equates to $6.44 per share on a full-year basis. The dividend will be paid on October 10, 2025 to shareholders of record as of September 30, 2025.

Source: https://www.globenewswire.com/news-release/2025/08/01/3125988/31446/en/ITW-Board-of-Directors-Approves-Dividend-Rate-Increase.html