Illinois Tool Works (ITW) Dividend History & Yield
Illinois Tool Works (ITW) has increased its dividend for 31 consecutive years and currently yields 2.45%. The most recent payment was $1.6100/share on Mar 31, 2026, paid Quarterly.
Current Yield
2.45%
TTM Dividend/Share
$6.33
Payment Frequency
Quarterly
Payout Ratio
58.2%
Consecutive Growth Years
31
Div Growth (1Y CAGR)
7.24%
Div Growth (5Y CAGR)
7.07%
Div Growth (10Y CAGR)
11.63%
Dividend Safety Score
5 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 58.2%, 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.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 31, 2026
- Payment date
- Apr 9, 2026
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
- Yield (ex-date)
- 2.43%
Ex-date Dec 31, 2025
- Payment date
- Jan 9, 2026
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
- Yield (ex-date)
- 2.53%
Ex-date Sep 30, 2025
- Payment date
- Oct 10, 2025
- Dividend
- $1.6100
- Adj. dividend
- $1.6100
- Yield (ex-date)
- 2.34%
Ex-date Jun 30, 2025
- Payment date
- Jul 11, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
- Yield (ex-date)
- 2.43%
Ex-date Mar 31, 2025
- Payment date
- Apr 10, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
- Yield (ex-date)
- 2.38%
Ex-date Dec 31, 2024
- Payment date
- Jan 10, 2025
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
- Yield (ex-date)
- 2.29%
Ex-date Sep 30, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
- Yield (ex-date)
- 2.17%
Ex-date Jun 28, 2024
- Payment date
- Jul 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
- Yield (ex-date)
- 2.36%
Ex-date Mar 27, 2024
- Payment date
- Apr 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
- Yield (ex-date)
- 2.05%
Ex-date Dec 28, 2023
- Payment date
- Jan 11, 2024
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
- Yield (ex-date)
- 2.07%
Ex-date Sep 28, 2023
- Payment date
- Oct 12, 2023
- Dividend
- $1.4000
- Adj. dividend
- $1.4000
- Yield (ex-date)
- 2.30%
Ex-date Jun 29, 2023
- Payment date
- Jul 13, 2023
- Dividend
- $1.3100
- Adj. dividend
- $1.3100
- Yield (ex-date)
- 2.11%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 31, 2026 | Apr 9, 2026 | $1.6100 | $1.6100 | 2.43% |
| Dec 31, 2025 | Jan 9, 2026 | $1.6100 | $1.6100 | 2.53% |
| Sep 30, 2025 | Oct 10, 2025 | $1.6100 | $1.6100 | 2.34% |
| Jun 30, 2025 | Jul 11, 2025 | $1.5000 | $1.5000 | 2.43% |
| Mar 31, 2025 | Apr 10, 2025 | $1.5000 | $1.5000 | 2.38% |
| Dec 31, 2024 | Jan 10, 2025 | $1.5000 | $1.5000 | 2.29% |
| Sep 30, 2024 | Oct 11, 2024 | $1.5000 | $1.5000 | 2.17% |
| Jun 28, 2024 | Jul 11, 2024 | $1.4000 | $1.4000 | 2.36% |
| Mar 27, 2024 | Apr 11, 2024 | $1.4000 | $1.4000 | 2.05% |
| Dec 28, 2023 | Jan 11, 2024 | $1.4000 | $1.4000 | 2.07% |
| Sep 28, 2023 | Oct 12, 2023 | $1.4000 | $1.4000 | 2.30% |
| Jun 29, 2023 | Jul 13, 2023 | $1.3100 | $1.3100 | 2.11% |
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.
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 2.45%.
What is Illinois Tool Works's dividend yield?
- Illinois Tool Works (ITW) has a current dividend yield of 2.45%.
Is Illinois Tool Works's dividend safe?
- Illinois Tool Works (ITW) passes 5 out of 5 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 58.2%.