Friday, August 4th the Board of Directors of Illinois Tool Works Inc. (ITW) announced a quarterly dividend increase of from $1.31 to $1.40 per share that’s payable October 12, 2023 to holders of record September 29, 2023. This represents a 6.87% increase over the last quarterly dividend.
The Board also approved a new share repurchase program that authorizes management to purchase up to $5 billion of the Company’s common stock over an open-ended period of time.
With current price $246.90 (yesterday's close), this raise brings their dividend yield to 2.27%.






