Dividend Details
Calculate ITW Dividend Income
Quick Facts
- Yield: 2.2%
- Frequency: Quarterly
- Sector: Industrials
- Streak: 60 years
About Illinois Tool Works
Illinois Tool Works is a Dividend Aristocrat with 60 consecutive years of dividend increases.
60 consecutive years of dividend increases, — the company has raised its payout through recessions, rate hikes, and market downturns alike.
ITW Dividend FAQ
What is ITW's current dividend yield and payout?
ITW currently yields 2.2% annually, paying $5.72 per share per year based on a share price of $260.00. This translates to $1.4300 per share per quarter.
How often does ITW pay dividends?
ITW distributes dividends quarterly, following the standard schedule of most S&P 500 companies. Quarterly payments typically arrive in March, June, September, and December, though exact dates vary. Each payment is approximately $1.4300 per share.
How much does $10,000 invested in ITW pay in dividends?
A $10,000 investment in ITW at $260.00 per share buys approximately 38 shares. At the current 2.2% yield, this generates approximately $220 per year, or $18 per month in dividend income before taxes.
How long has ITW been increasing dividends?
ITW has increased its dividend for 60 consecutive years, qualifying as a Dividend King — one of only ~50 companies with 50+ years of unbroken dividend growth. This places ITW among the most reliable income investments in existence.
Is ITW's dividend sustainable?
With 60 years of consecutive increases through recessions and market crises, ITW has one of the strongest dividend safety profiles in the market.
ITW Dividend Investing Guide
Illinois Tool Works (ITW) represents a compelling opportunity for dividend investors seeking balanced yield and growth in their portfolios. As a industrials sector stock, ITW offers exposure to industrial growth tied to infrastructure and manufacturing.
As a Dividend Aristocrat with 60 consecutive years of dividend increases, ITW has raised its dividend through multiple recessions, rate cycles, and market crashes over those 60 years. That kind of track record comes from management teams that prioritize the payout and have the earnings power to back it up.
To maximize returns from ITW dividends, consider strategies like dividend reinvestment (DRIP) to compound growth over time, tax-efficient account placement for qualified dividends, and portfolio diversification across sectors and payment schedules. Use our DRIP calculator to project long-term growth or our tax calculator to estimate after-tax income from your ITW investment.