Illinois Tool Works increases dividend 7% to $1.61 per share

The board of directors of Illinois Tool Works (ITW) authorized a 7% increase to the dividend payout to shareholders, representing a quarterly increase of 11c per share – or 44c 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 to shareholders of record as of September 30.