Illinois Tool Works (ITW) Dividend History & Yield
Dividend ChampionIllinois Tool Works (ITW) has increased its dividend for 31 consecutive years and currently yields 2.52%. The most recent dividend was $1.6100/share on Apr 9, 2026, paid Quarterly.
Current Yield
2.52%
TTM Dividend/Share
$6.33
Payment Frequency
Quarterly
Payout Ratio
58.8%
Consecutive Growth Years
31 (Dividend Champion)
Div Growth (1Y CAGR)
7.24%
Div Growth (5Y CAGR)
7.07%
Div Growth (10Y CAGR)
11.63%
ITW: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.6%
FCF payout ratio
17.0%
Net debt / EBITDA
1.8x
Interest coverage
14.43x
ROIC (TTM)
27.5%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 58.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($9.26) covers dividend/share ($6.33).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
31 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 17.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.1%) exceeds EPS growth (1.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 30, 2026
- Payment date
- Jul 10, 2026
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
Ex-date Mar 31, 2026
- Payment date
- Apr 9, 2026
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
Ex-date Dec 31, 2025
- Payment date
- Jan 9, 2026
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
Ex-date Sep 30, 2025
- Payment date
- Oct 10, 2025
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
Ex-date Jun 30, 2025
- Payment date
- Jul 11, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Mar 31, 2025
- Payment date
- Apr 10, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Dec 31, 2024
- Payment date
- Jan 10, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Sep 30, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Jun 28, 2024
- Payment date
- Jul 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
Ex-date Mar 27, 2024
- Payment date
- Apr 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
Ex-date Dec 28, 2023
- Payment date
- Jan 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
Ex-date Sep 28, 2023
- Payment date
- Oct 12, 2023
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 30, 2026 | Jul 10, 2026 | $1.6100 | $1.6100 |
| Mar 31, 2026 | Apr 9, 2026 | $1.6100 | $1.6100 |
| Dec 31, 2025 | Jan 9, 2026 | $1.6100 | $1.6100 |
| Sep 30, 2025 | Oct 10, 2025 | $1.6100 | $1.6100 |
| Jun 30, 2025 | Jul 11, 2025 | $1.5000 | $1.5000 |
| Mar 31, 2025 | Apr 10, 2025 | $1.5000 | $1.5000 |
| Dec 31, 2024 | Jan 10, 2025 | $1.5000 | $1.5000 |
| Sep 30, 2024 | Oct 11, 2024 | $1.5000 | $1.5000 |
| Jun 28, 2024 | Jul 11, 2024 | $1.4000 | $1.4000 |
| Mar 27, 2024 | Apr 11, 2024 | $1.4000 | $1.4000 |
| Dec 28, 2023 | Jan 11, 2024 | $1.4000 | $1.4000 |
| Sep 28, 2023 | Oct 12, 2023 | $1.4000 | $1.4000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Illinois Tool Works has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 31 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $6.2200 | — | — |
| 2025 | $5.8000 | $6.2200 | +7.2% |
| 2024 | $5.4200 | $5.8000 | +7.0% |
| 2023 | $5.0600 | $5.4200 | +7.1% |
| 2022 | $4.7200 | $5.0600 | +7.2% |
| 2021 | $4.4200 | $4.7200 | +6.8% |
| 2020 | $4.1400 | $4.4200 | +6.8% |
| 2019 | $3.5600 | $4.1400 | +16.3% |
| 2018 | $2.8600 | $3.5600 | +24.5% |
| 2017 | $2.4000 | $2.8600 | +19.2% |
| 2016 | $2.0700 | $2.4000 | +15.9% |
| 2015 | $1.8100 | $2.0700 | +14.4% |
| 2014 | $1.6000 | $1.8100 | +13.1% |
| 2013 | $1.4800 | $1.6000 | +8.1% |
| 2012 | $1.4000 | $1.4800 | +5.7% |
| 2011 | $1.3000 | $1.4000 | +7.7% |
| 2010 | $1.2400 | $1.3000 | +4.8% |
| 2009 | $1.1800 | $1.2400 | +5.1% |
| 2008 | $0.9800 | $1.1800 | +20.4% |
| 2007 | $0.9150 | $0.9800 | +7.1% |
| 2006 | $0.6100 | $0.9150 | +50.0% |
| 2005 | $0.5200 | $0.6100 | +17.3% |
| 2004 | $0.4700 | $0.5200 | +10.6% |
| 2003 | $0.4450 | $0.4700 | +5.6% |
| 2002 | $0.4200 | $0.4450 | +6.0% |
| 2001 | $0.3800 | $0.4200 | +10.5% |
| 2000 | $0.3300 | $0.3800 | +15.2% |
| 1999 | $0.2700 | $0.3300 | +22.2% |
| 1998 | $0.2275 | $0.2700 | +18.7% |
| 1997 | $0.1800 | $0.2275 | +26.4% |
| 1996 | $0.1600 | $0.1800 | +12.5% |
| 1995 | $0.1725 | $0.1600 | -7.2% |
| 1994 | $0.1225 | $0.1725 | +40.8% |
| 1993 | $0.1125 | $0.1225 | +8.9% |
| 1992 | $0.1000 | $0.1125 | +12.5% |
| 1991 | $0.0825 | $0.1000 | +21.2% |
| 1990 | $0.0675 | $0.0825 | +22.2% |
| 1989 | $0.0550 | $0.0675 | +22.7% |
| 1988 | $0.0425 | $0.0550 | +29.4% |
| 1987 | $0.7232 | $0.0425 | -94.1% |
| 1986 | — | $0.7232 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Illinois Tool Works (ITW) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.81B
YoY change
+5.3%
5Y CAGR
+5.3%
Peak year (2025)
$1.78B
Latest annual
$1.78B
Cash dividends paid over time for Illinois Tool Works (ITW)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Illinois Tool Works (ITW)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.78B | +5.3% | +$90.00M | ||
| 2024 | $1.70B | +5.0% | +$80.00M | ||
| 2023 | $1.61B | +4.7% | +$73.00M | ||
| 2022 | $1.54B | +5.4% | +$79.00M | ||
| 2021 | $1.46B | +6.1% | +$84.00M | ||
| 2020 | $1.38B | +4.4% | +$58.00M | ||
| 2019 | $1.32B | +17.5% | +$197.00M | ||
| 2018 | $1.12B | +19.4% | +$183.00M | ||
| 2017 | $941.00M | +14.6% | +$120.00M | ||
| 2016 | $821.00M | +10.6% | +$79.00M | ||
| 2015 | $742.00M | +4.4% | +$31.00M | ||
| 2014 | $711.00M | +34.7% | +$183.00M | ||
| 2013 | $528.00M | -39.0% | -$337.00M | ||
| 2012 | $865.00M | +27.2% | +$184.72M | ||
| 2011 | $680.28M | +6.9% | +$44.08M | ||
| 2010 | $636.20M | +2.7% | +$16.52M | ||
| 2009 | $619.68M | +3.5% | +$20.99M | ||
| 2008 | $598.69M | +19.2% | +$96.26M | ||
| 2007 | $502.43M | +26.0% | +$103.58M | ||
| 2006 | $398.85M | +19.0% | +$63.75M | ||
| 2005 | $335.09M | +10.0% | +$30.51M | ||
| 2004 | $304.58M | +6.7% | +$19.18M | ||
| 2003 | $285.40M | +4.8% | +$13.08M | ||
| 2002 | $272.32M | +9.3% | +$23.18M | ||
| 2001 | $249.14M | +11.7% | +$26.13M | ||
| 2000 | $223.01M | +21.5% | +$39.41M | ||
| 1999 | $183.60M | +21.7% | +$32.70M | ||
| 1998 | $150.90M | +40.9% | +$43.80M | ||
| 1997 | $107.10M | +25.3% | +$21.60M | ||
| 1996 | $85.50M | +19.1% | +$13.70M | ||
| 1995 | $71.80M | +17.3% | +$10.60M | ||
| 1994 | $61.20M | +10.9% | +$6.00M | ||
| 1993 | $55.20M | +9.7% | +$4.90M | ||
| 1992 | $50.30M | +14.1% | +$6.20M | ||
| 1991 | $44.10M | +22.8% | +$8.20M | ||
| 1990 | $35.90M | +25.1% | +$7.20M | ||
| 1989 | $28.70M | — | — |
The 2025 reading of Illinois Tool Works (ITW) dividends paid is $1.78B – grew 5.3% year-over-year.
Illinois Tool Works dividends paid compound annual growth for the 2020–2025 (5 years) window is +5.3%, sustaining 12 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $1.78B in 2025 and its low of $28.70M in 1989.
Within Industrials, Illinois Tool Works (ITW) ranks 5th among 8 peers we track. The peer median for dividends paid is $2.23B.
Illinois Tool Works Dividends Paid 2025: $1.78B
Illinois Tool Works dividends paid in 2025 was $1.78B, grew 5.3% from 2024. This figure represents the highest annual value in the available history.
Illinois Tool Works Dividends Paid 2024: $1.70B
Illinois Tool Works dividends paid in 2024 was $1.70B, edged up 5.0% from 2023.
Illinois Tool Works Dividends Paid 2023: $1.61B
Illinois Tool Works dividends paid in 2023 was $1.61B, edged up 4.7% from 2022.
Illinois Tool Works Dividends Paid 2022: $1.54B
Illinois Tool Works dividends paid in 2022 was $1.54B, grew 5.4% from 2021.
Illinois Tool Works Dividends Paid 2021: $1.46B
Illinois Tool Works dividends paid in 2021 was $1.46B.
See more financial history for Illinois Tool Works (ITW).
Sector peers by dividends paid
Companies in the same sector as Illinois Tool Works, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Illinois Tool Works pay dividends?
Yes, Illinois Tool Works (ITW) pays quarterly dividends of approximately $6.33 per share annually, yielding 2.52%.
What is Illinois Tool Works's dividend yield?
Illinois Tool Works (ITW) has a current dividend yield of 2.52%.
Is Illinois Tool Works's dividend safe?
Illinois Tool Works (ITW) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Illinois Tool Works increased its dividend?
Illinois Tool Works (ITW) has 31 consecutive years of dividend increases.
What is Illinois Tool Works's dividend payout ratio?
Illinois Tool Works (ITW) has a dividend payout ratio of 58.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Illinois Tool Works's dividends paid?
Latest reported dividends paid for Illinois Tool Works (ITW) is $1.81B (period ending March 31, 2026).
How has Illinois Tool Works dividends paid changed year-over-year?
Illinois Tool Works (ITW) dividends paid changed +5.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Illinois Tool Works dividends paid?
Illinois Tool Works (ITW) dividends paid compound annual growth rate is +5.3% over the most recent 5 years available.
When did Illinois Tool Works dividends paid hit its highest annual value?
Illinois Tool Works dividends paid reached its highest annual value of $1.78B in 2025.
What was Illinois Tool Works dividends paid in 2024?
Illinois Tool Works (ITW) dividends paid in 2024 was $1.70B.
What was Illinois Tool Works dividends paid in 2025?
Illinois Tool Works (ITW) dividends paid in 2025 was $1.78B.
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