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Aug. 7, 2020, 12:08 p.m. EDT

Illinois Tool Works raises quarterly cash dividend by 7 cents to $1.14 a share

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By Ciara Linnane

Illinois Tool Works Inc. /zigman2/quotes/208031922/composite ITW -1.17% said Friday its board has approved a 7 cents increase in its quarterly cash dividend, boosting it to $1.14 a share. The new dividend will be payable Oct. 14 to shareholders of record as of Sept. 30. Shares were slightly higher and have gained 5% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.37% has gained 3.4%.

/zigman2/quotes/208031922/composite
US : U.S.: NYSE
$ 190.84
-2.25 -1.17%
Volume: 1.04M
Sept. 23, 2020 4:00p
P/E Ratio
28.07
Dividend Yield
2.39%
Market Cap
$61.05 billion
Rev. per Employee
$307,667
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/zigman2/quotes/210599714/realtime
US : S&P US
3,236.92
-78.65 -2.37%
Volume: 2.46B
Sept. 23, 2020 5:08p
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