Saturday, August 3, 2019

Dividend Increase – Illinois Tool Works Inc (ITW)



Yesterday August 2, the Board of Directors of Illinois Tool Works Inc. announced a quarterly dividend increase of from $ 1.00 to $ 1.07 per ordinary share that’s payable October 9, 2019 to holders of record September 30, 2019. This represents a 7.00% increase to regular quarterly dividends.

This increase is consistent with the company’s previously announced plan to increase its dividend payout ratio to approximately 50 percent of free cash flow.

With current price $ 151.67 (yesterday's close), this raise brings their dividend yield to 2.82 %.



Since I own 20 shares of ITW, this will increase my portfolio's projected annual net dividend income by $ 4.17.

This increase raises my YOC to 3.31%.

Summary of 2019 Dividend Increases / Cuts

No.
Ticker
Increase %
Net Increase
Net Increase
No.
Ticker
Increase %
Net Increase
Net Increase



$



$
1
TSX:CU
7.48%
8.14
9.93
2
O
2.04%
3.00
3.42
3
OKE
0.58%
0.65
0.75
4
WEC
6.79%
1.47
1.68
5
KMB
3.00%
1.02
1.16
6
INTC
5.00%
15.81
17.88
7
 TELIA1
2.61% 
13.00 
14.82 
8
NCC
-50.00%
-86.22
-98.61
9
CVX
6.25%
10.90
12.52
10
UPM
13.04%
122.93
140.95
11
GILD
10.53%
5.47
6.26
12
ADM
4.48%
3.33
3.80
13
MMM
5.88%
1.25
1.43
14
BIP
6.91%
0,77
0,87
15
NESTE
34.12%
172.84
196.45
16
ORNBV
3.45%
11.17
12.70
17
KESKOB
6.36%
10.43
11.85
18
SAMPO
9.62%
28.86
32.77
19
TSX:BCE
4.97%
7.79
8.84
20
TEL2
10.00%
6.42
7.24
21
TROW
8.57%
8.72
9.83
22
SKT
1.43%
1.98
2.24
23
CSCO
6.06%
9.76
11.03
24
PEP
2.96%
7.25
8.19
25
KO
2,56%
3.94
4.47
26
KHC
-36.00%
-59.14
-67.05
27
DLR
6.93%
22.08
25.03
28
MGA
10.61%
4.60
5.22
29
TSX:RY
4.08%
9.60
10.89
30
TSX:BNS
2.35%
6.16
7.02
31
ETN
7.58%
3.93
4.47
32
MAIN
2.56%
3.93
4.47
33
TSX:CM
2.94%
1.19
1.36
34
TSX:TD
10.45%
25.07
28.51
35
O
0.22%
0.34
0.38
36
WPC
0.19%
0.37
0.42
37
WSM
11.63%
5.87
6.71
38
KMI
25.00%
26.38
29.80
39
UNA:AS
5.99%
5.53
6.21
40
OKE
0.58%
0.66
0.75
41
LAZ
6.82%
8.01
8.94
42
JNJ
5.56%
8.03
8.94
43
MAIN
2.50%
1.73
1.94
44
BAX
15.79%
4.80
5.36
45
CAH
1.01%
0.73
0.82
46
TSX:T
3.21%
6.21
6.96
47
AQN
9.98%
17.04
19.07
48
FLO
5.56%
4.96
5.51
49
O
0.22%
0.34
0.38
50
TGT
3.13%
6.08
6.85
51
DUK
1.89%
1.63
1.83
52
WBA
3.98%
2.32
2.61
53
OKE
2.89%
3.34
3.73
54
NTR
4.65%
2.94
3.28
55
ITW
7.00%
3.75
4.17






TOTAL






€499.14
$567.03

Increases have been reported by deducting a 25.5% capital income tax.






Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long ITW

Thanks for stopping by!

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