Illinois Tool Works (ITW) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $6.55
- Forward yield
- 2.43%
- Payout ratio
- 59.4%
- Growth streak
- 5 years
Illinois Tool Works pays a quarterly dividend of $1.72 per share. Its most recent payment went ex-dividend on September 30, 2026 and is scheduled to be paid on October 9, 2026. Over the trailing twelve months, it paid $6.55 per share, a yield of about 2.5% at a share price of $262.92.
The record shows a steady annual rhythm. Illinois Tool Works has raised its dividend once a year, each time with the payment that goes ex-dividend at the end of September. The rate went from $1.22 to $1.31 in 2022, then to $1.40 in 2023, $1.50 in 2024, $1.61 in 2025 and $1.72 in 2026. Each raise was nine to eleven cents, or roughly 6.8% to 7.4%. Since late 2021, the quarterly rate has grown about 41%. Payments by calendar year rose from $5.06 in 2022 to $6.22 in 2025. The source lists a growth streak of five years.
Ex-dates fall at the end of each calendar quarter, with payment about ten days later. If the pattern holds, the next payment would go ex-dividend at the end of December 2026 and be paid around January 9, 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Aug 7, 2026 | Sep 30, 2026 | Oct 9, 2026 | $1.72 |
| May 8, 2026 | Jun 30, 2026 | Jul 10, 2026 | $1.61 |
| Feb 13, 2026 | Mar 31, 2026 | Apr 9, 2026 | $1.61 |
| Oct 29, 2025 | Dec 31, 2025 | Jan 9, 2026 | $1.61 |
| Aug 1, 2025 | Sep 30, 2025 | Oct 10, 2025 | $1.61 |
| May 2, 2025 | Jun 30, 2025 | Jul 11, 2025 | $1.50 |
| Feb 14, 2025 | Mar 31, 2025 | Apr 10, 2025 | $1.50 |
| Oct 24, 2024 | Dec 31, 2024 | Jan 10, 2025 | $1.50 |
| Aug 2, 2024 | Sep 30, 2024 | Oct 11, 2024 | $1.50 |
| May 3, 2024 | Jun 28, 2024 | Jul 11, 2024 | $1.40 |
| Feb 9, 2024 | Mar 27, 2024 | Apr 11, 2024 | $1.40 |
| Oct 26, 2023 | Dec 28, 2023 | Jan 11, 2024 | $1.40 |
| Aug 4, 2023 | Sep 28, 2023 | Oct 12, 2023 | $1.40 |
| May 5, 2023 | Jun 29, 2023 | Jul 13, 2023 | $1.31 |
| Feb 10, 2023 | Mar 30, 2023 | Apr 13, 2023 | $1.31 |
| Oct 28, 2022 | Dec 29, 2022 | Jan 12, 2023 | $1.31 |
| Aug 5, 2022 | Sep 29, 2022 | Oct 14, 2022 | $1.31 |
| May 6, 2022 | Jun 29, 2022 | Jul 14, 2022 | $1.22 |
| Feb 11, 2022 | Mar 30, 2022 | Apr 14, 2022 | $1.22 |
| Oct 29, 2021 | Dec 30, 2021 | Jan 14, 2022 | $1.22 |
Frequently asked questions
Does Illinois Tool Works (ITW) pay a dividend?
Yes. Illinois Tool Works pays a quarterly dividend; the most recent payment was $1.72 per share.
What is ITW's dividend yield?
Illinois Tool Works paid $6.55 per share over the trailing twelve months, a yield of 2.43% at the last price of $269.47. Click here to learn more
When is ITW's most recent ex-dividend date?
Illinois Tool Works's most recent ex-dividend date is Sep 30, 2026, payable on Oct 9, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has ITW been raising its dividend?
Yes — Illinois Tool Works has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.