On Friday, August 7, 2026, the Board of Directors of Illinois Tool Works Inc. (ITW) announced a quarterly dividend increase from $1.61 to $1.72 per share. The dividend will be payable on October 9, 2026, to shareholders of record as of September 30, 2026. This represents a 6.83% increase over the previous quarterly dividend.
In addition to the dividend increase, ITW announced that its Board of Directors approved a new authorization allowing the company to repurchase up to $6 billion of its common stock, further demonstrating its commitment to returning capital to shareholders.








