ITW Board of Directors Approves Quarterly Dividend Increase From $1.40 To $1.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Illinois Tool Works Inc. (NYSE:ITW) has announced a 7% increase in its quarterly dividend from $1.40 to $1.50 per share. The new dividend will be paid on October 11, 2024, to shareholders of record as of September 30, 2024.
August 02, 2024 | 3:31 pm
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Illinois Tool Works Inc. (NYSE:ITW) has increased its quarterly dividend by 7% from $1.40 to $1.50 per share. This move signals strong financial health and commitment to returning value to shareholders.
The increase in the dividend payout indicates that ITW is in a strong financial position and is committed to returning value to its shareholders. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100