STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
$5.90
Forward Annual Dividend Rate
$6.00
Yield
Trailing Annual Dividend Yield
2.39%
Forward Annual Dividend Yield
2.13%
Dividend Date
Dividend Date
Oct 10, 2025
Ex-dividend Date
Sep 30, 2025
2.21 %
42.99
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Aug 01, 2025 | 1.61 | Sep 30, 2025 | Sep 30, 2025 | Oct 10, 2025 |
| May 02, 2025 | 1.5 | Jun 30, 2025 | Jun 30, 2025 | Jul 11, 2025 |
| Feb 14, 2025 | 1.5 | Mar 31, 2025 | Mar 31, 2025 | Apr 10, 2025 |
| Oct 24, 2024 | 1.5 | Dec 31, 2024 | Dec 31, 2024 | Jan 10, 2025 |
| Aug 02, 2024 | 1.5 | Sep 30, 2024 | Sep 30, 2024 | Oct 11, 2024 |
| May 03, 2024 | 1.4 | Jun 28, 2024 | Jun 28, 2024 | Jul 11, 2024 |
| Feb 09, 2024 | 1.4 | Mar 27, 2024 | Mar 29, 2024 | Apr 11, 2024 |
| Oct 26, 2023 | 1.4 | Dec 28, 2023 | Dec 29, 2023 | Jan 11, 2024 |
| Aug 04, 2023 | 1.4 | Sep 28, 2023 | Sep 29, 2023 | Oct 12, 2023 |
| May 05, 2023 | 1.31 | Jun 29, 2023 | Jun 30, 2023 | Jul 13, 2023 |
| Feb 10, 2023 | 1.31 | Mar 30, 2023 | Mar 31, 2023 | Apr 13, 2023 |
| Oct 28, 2022 | 1.31 | Dec 29, 2022 | Dec 30, 2022 | Jan 12, 2023 |
| Aug 05, 2022 | 1.31 | Sep 29, 2022 | Sep 30, 2022 | Oct 14, 2022 |
| May 06, 2022 | 1.22 | Jun 29, 2022 | Jun 30, 2022 | Jul 14, 2022 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split |
|---|---|---|---|
| May 26, 2006 | 2:1 | 0 | -0.91% |
| May 28, 1997 | 2:1 | +1.03% | -1.53% |
| Jun 21, 1993 | 2:1 | -1.58% | -1.69% |
| May 27, 1987 | 2:1 | +0.43% | -4.93% |
| May 23, 1984 | 2:1 | 0 | -1.40% |
Frequently Asked Questions
Is Illinois Tool Works Inc. (ITW) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. Illinois Tool Works Inc. is also among the companies that regularly pay dividends.
What is ITW's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. ITW's annual dividend yield for the trailing 12 months is 2.39.
When did ITW last pay a dividend?
ITW last paid dividends on 2025-10-10, with the ex-dividend date being 2025-09-30.
When was the last time ITW stock split?
ITW stock split took place on 26-05-2006.
How did ITW's stock split work?
Its last split took place on May 26, 2006, when Illinois Tool Works Inc. went through a 2:1 split leaving the shareholder with 2 share(s) who previously owned 1 ITW share(s).