Dividend Details
Recent Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-03-31 | $1.6100 | 2026-04-09 |
| 2025-12-31 | $1.6100 | 2026-01-09 |
| 2025-09-30 | $1.6100 | 2025-10-10 |
| 2025-06-30 | $1.5000 | 2025-07-11 |
| 2025-03-31 | $1.5000 | 2025-04-10 |
| 2024-12-31 | $1.5000 | 2025-01-10 |
| 2024-09-30 | $1.5000 | 2024-10-11 |
| 2024-06-28 | $1.4000 | 2024-07-11 |
Calculate ITW Dividend Income
Quick Facts
- Yield: 2.41%
- Frequency: Quarterly
- Sector: Industrials
- Streak: 60 years
- Payout: 58%
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 2.41% annually, paying $7.83 per share per year based on a share price of $260.74. This translates to $1.9575 per share per quarter. The payout ratio is 58%, which is moderate and leaves room for future dividend increases.
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 $1.9575 per share.
When is ITW's next ex-dividend date?
The next ex-dividend date for ITW is 2026-03-31. To receive the upcoming dividend, you must purchase shares before the ex-dividend date. If you buy on or after the ex-date, the seller receives that payment instead. The payment will be deposited into your brokerage account on 2026-04-09.
How much does $10,000 invested in ITW pay in dividends?
A $10,000 investment in ITW at $260.74 per share buys approximately 38 shares. At the current 2.41% yield, this generates approximately $241 per year, or $20 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 a payout ratio of 58%, ITW retains a significant portion of earnings for reinvestment and dividend growth, suggesting the current payout is well-covered and sustainable.
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.