Illinois Tool Works Inc. (ITW) Dividend History
ITW latest dividend
$1.72last dividend per share
Ex-dividend dateSep 30Wednesday, 2026
Payment dateOct 9Friday, 2026
The next dividend has not been announced yet.
- 30 yearsof dividend increases
- 1986paying since
- Quarterly4 payments a year
- +7.1%5-year growth a year
- 2.53%forward yield
ITW dividend income calculator
- Dividend income a year
- $688
- Each payment
- $172
- Value of the shares
- $27,228
- Dividend yield
- 2.53%
At the latest close; forward annual dividend $6.88 per share, before tax.
ITW dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
ITW dividend safety
Payout ratio (earnings)59.4%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)65.9%
Stretched · of fiscal 2025 free cash flow
Dividend growth (5 years)+7.1%
Growing · a year on average
Years of increases30
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
ITW yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $249.26 | 2.76% | $6.55 | 2.6% |
| 3 years ago | $225.41 | 3.05% | $18.36 | 8.1% |
| 5 years ago | $221.79 | 3.10% | $28.66 | 12.9% |
| 10 years ago | $115.08 | 5.98% | $47.79 | 41.5% |
| 20 years ago | $47.22 | 14.57% | $62.81 | 133.0% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
ITW dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
ITW dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $6.22 | +7.2% | 2.53% | 4 |
| 2024 | $5.80 | +7.0% | 2.29% | 4 |
| 2023 | $5.42 | +7.1% | 2.07% | 4 |
| 2022 | $5.06 | +7.2% | 2.30% | 4 |
| 2021 | $4.72 | +6.8% | 1.91% | 4 |
| 2020 | $4.42 | +6.8% | 2.17% | 4 |
| 2019 | $4.14 | +16.3% | 2.30% | 4 |
| 2018 | $3.56 | +24.5% | 2.81% | 4 |
| 2017 | $2.86 | +19.2% | 1.71% | 4 |
| 2016 | $2.40 | +15.9% | 1.96% | 4 |
| 2015 | $2.07 | +14.4% | 2.23% | 4 |
| 2014 | $1.81 | +13.1% | 1.91% | 4 |
| 2013 | $1.60 | +8.1% | 1.90% | 4 |
| 2012 | $1.48 | +5.7% | 2.43% | 4 |
| 2011 | $1.40 | +7.7% | 3.00% | 4 |
| 2010 | $1.30 | +4.8% | 2.43% | 4 |
| 2009 | $1.24 | +5.1% | 2.58% | 4 |
| 2008 | $1.18 | +20.4% | 3.37% | 4 |
| 2007 | $0.98 | +7.1% | 1.83% | 4 |
| 2006 | $0.92 | — | 1.98% | 4 |
ITW dividend history
164 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-09 | $1.72 | +6.8% | Quarterly |
| 2026-06-30 | 2026-07-10 | $1.61 | — | Quarterly |
| 2026-03-31 | 2026-04-09 | $1.61 | — | Quarterly |
| 2025-12-31 | 2026-01-09 | $1.61 | — | Quarterly |
| 2025-09-30 | 2025-10-10 | $1.61 | +7.3% | Quarterly |
| 2025-06-30 | 2025-07-11 | $1.50 | — | Quarterly |
| 2025-03-31 | 2025-04-10 | $1.50 | — | Quarterly |
| 2024-12-31 | 2025-01-10 | $1.50 | — | Quarterly |
| 2024-09-30 | 2024-10-11 | $1.50 | +7.1% | Quarterly |
| 2024-06-28 | 2024-07-11 | $1.40 | — | Quarterly |
| 2024-03-27 | 2024-04-11 | $1.40 | — | Quarterly |
| 2023-12-28 | 2024-01-11 | $1.40 | — | Quarterly |
| 2023-09-28 | 2023-10-12 | $1.40 | +6.9% | Quarterly |
| 2023-06-29 | 2023-07-13 | $1.31 | — | Quarterly |
| 2023-03-30 | 2023-04-13 | $1.31 | — | Quarterly |
| 2022-12-29 | 2023-01-12 | $1.31 | — | Quarterly |
Show all 164 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-29 | 2022-10-14 | $1.31 | +7.4% | Quarterly |
| 2022-06-29 | 2022-07-14 | $1.22 | — | Quarterly |
| 2022-03-30 | 2022-04-14 | $1.22 | — | Quarterly |
| 2021-12-30 | 2022-01-14 | $1.22 | — | Quarterly |
| 2021-09-29 | 2021-10-14 | $1.22 | +7.0% | Quarterly |
| 2021-06-29 | 2021-07-15 | $1.14 | — | Quarterly |
| 2021-03-30 | 2021-04-14 | $1.14 | — | Quarterly |
| 2020-12-30 | 2021-01-14 | $1.14 | — | Quarterly |
| 2020-09-29 | 2020-10-14 | $1.14 | +6.5% | Quarterly |
| 2020-06-29 | 2020-07-15 | $1.07 | — | Quarterly |
| 2020-03-30 | 2020-04-15 | $1.07 | — | Quarterly |
| 2019-12-30 | 2020-01-15 | $1.07 | — | Quarterly |
| 2019-09-27 | 2019-10-09 | $1.07 | +7.0% | Quarterly |
| 2019-06-27 | 2019-07-10 | $1.00 | — | Quarterly |
| 2019-03-28 | 2019-04-10 | $1.00 | — | Quarterly |
| 2018-12-28 | 2019-01-10 | $1.00 | — | Quarterly |
| 2018-09-27 | 2018-10-09 | $1.00 | +28.2% | Quarterly |
| 2018-06-28 | 2018-07-11 | $0.78 | — | Quarterly |
| 2018-03-28 | 2018-04-10 | $0.78 | — | Quarterly |
| 2017-12-28 | 2018-01-10 | $0.78 | — | Quarterly |
| 2017-09-28 | 2017-10-10 | $0.78 | +20.0% | Quarterly |
| 2017-06-28 | 2017-07-12 | $0.65 | — | Quarterly |
| 2017-03-29 | 2017-04-11 | $0.65 | — | Quarterly |
| 2016-12-28 | 2017-01-11 | $0.65 | — | Quarterly |
| 2016-09-28 | 2016-10-06 | $0.65 | +18.2% | Quarterly |
| 2016-06-28 | 2016-07-08 | $0.55 | — | Quarterly |
| 2016-03-29 | 2016-04-07 | $0.55 | — | Quarterly |
| 2015-12-29 | 2016-01-07 | $0.55 | — | Quarterly |
| 2015-09-28 | 2015-10-06 | $0.55 | +13.4% | Quarterly |
| 2015-06-26 | 2015-07-07 | $0.485 | — | Quarterly |
| 2015-03-27 | 2015-04-07 | $0.485 | — | Quarterly |
| 2014-12-29 | 2015-01-06 | $0.485 | — | Quarterly |
| 2014-09-26 | 2014-10-07 | $0.485 | +15.5% | Quarterly |
| 2014-06-26 | 2014-07-08 | $0.42 | — | Quarterly |
| 2014-03-27 | 2014-04-08 | $0.42 | — | Quarterly |
| 2013-12-27 | 2014-01-07 | $0.42 | — | Quarterly |
| 2013-09-26 | 2013-10-08 | $0.42 | +10.5% | Quarterly |
| 2013-06-26 | 2013-07-09 | $0.38 | — | Quarterly |
| 2013-03-26 | 2013-04-09 | $0.38 | — | Quarterly |
| 2012-12-14 | 2012-12-31 | $0.38 | — | Quarterly |
| 2012-09-26 | 2012-10-10 | $0.38 | +5.6% | Quarterly |
| 2012-06-27 | 2012-07-10 | $0.36 | — | Quarterly |
| 2012-03-28 | 2012-04-10 | $0.36 | — | Quarterly |
| 2011-12-28 | 2012-01-10 | $0.36 | — | Quarterly |
| 2011-09-28 | 2011-10-12 | $0.36 | +5.9% | Quarterly |
| 2011-06-28 | 2011-07-12 | $0.34 | — | Quarterly |
| 2011-03-29 | 2011-04-12 | $0.34 | — | Quarterly |
| 2010-12-29 | 2011-01-11 | $0.34 | — | Quarterly |
| 2010-09-28 | 2010-10-13 | $0.34 | +9.7% | Quarterly |
| 2010-06-28 | 2010-07-13 | $0.31 | — | Quarterly |
| 2010-03-29 | 2010-04-13 | $0.31 | — | Quarterly |
| 2009-12-29 | 2010-01-12 | $0.31 | — | Quarterly |
| 2009-09-28 | 2009-10-14 | $0.31 | — | Quarterly |
| 2009-06-26 | 2009-07-14 | $0.31 | — | Quarterly |
| 2009-03-27 | 2009-04-14 | $0.31 | — | Quarterly |
| 2008-12-29 | 2009-01-13 | $0.31 | — | Quarterly |
| 2008-09-26 | 2008-10-14 | $0.31 | +10.7% | Quarterly |
| 2008-06-26 | 2008-07-14 | $0.28 | — | Quarterly |
| 2008-03-27 | 2008-04-14 | $0.28 | — | Quarterly |
| 2007-12-27 | 2008-01-14 | $0.28 | — | Quarterly |
| 2007-09-26 | 2007-10-15 | $0.28 | +33.3% | Quarterly |
| 2007-06-27 | 2007-07-16 | $0.21 | — | Quarterly |
| 2007-03-28 | 2007-04-16 | $0.21 | — | Quarterly |
| 2006-12-27 | 2007-01-22 | $0.21 | — | Quarterly |
| 2006-09-27 | 2006-10-16 | $0.21 | −36.4% | Quarterly |
| 2006-06-28 | 2006-07-17 | $0.33 | +100.0% | Quarterly |
| 2006-03-29 | 2006-04-17 | $0.165 | — | Quarterly |
| 2005-12-28 | 2006-01-23 | $0.165 | — | Quarterly |
| 2005-09-28 | 2005-10-17 | $0.165 | +17.9% | Quarterly |
| 2005-06-28 | 2005-07-18 | $0.14 | — | Quarterly |
| 2005-03-29 | 2005-04-18 | $0.14 | — | Quarterly |
| 2004-12-29 | 2005-01-24 | $0.14 | — | Quarterly |
| 2004-09-28 | 2004-10-18 | $0.14 | +16.7% | Quarterly |
| 2004-06-28 | 2004-07-19 | $0.12 | — | Quarterly |
| 2004-03-29 | 2004-04-19 | $0.12 | — | Quarterly |
| 2003-12-29 | 2004-01-26 | $0.12 | — | Quarterly |
| 2003-09-26 | 2003-10-20 | $0.12 | +4.3% | Quarterly |
| 2003-06-26 | 2003-07-21 | $0.115 | — | Quarterly |
| 2003-03-27 | 2003-04-21 | $0.115 | +4.5% | Quarterly |
| 2002-12-27 | 2003-01-27 | $0.11 | −4.3% | Quarterly |
| 2002-09-26 | 2002-10-18 | $0.115 | +4.5% | Quarterly |
| 2002-06-26 | 2002-07-19 | $0.11 | — | Quarterly |
| 2002-03-26 | 2002-04-19 | $0.11 | — | Quarterly |
| 2001-12-27 | 2002-01-25 | $0.11 | — | Quarterly |
| 2001-09-26 | 2001-10-19 | $0.11 | +10.0% | Quarterly |
| 2001-06-27 | 2001-07-20 | $0.1 | — | Quarterly |
| 2001-03-28 | 2001-04-20 | $0.1 | — | Quarterly |
| 2000-12-27 | 2001-01-26 | $0.1 | — | Quarterly |
| 2000-09-27 | 2000-10-19 | $0.1 | +11.1% | Quarterly |
| 2000-06-28 | 2000-07-21 | $0.09 | — | Quarterly |
| 2000-03-29 | 2000-04-20 | $0.09 | — | Quarterly |
| 1999-12-29 | 2000-01-28 | $0.09 | — | Quarterly |
| 1999-09-28 | 1999-10-23 | $0.09 | +20.0% | Quarterly |
| 1999-06-28 | 1999-07-22 | $0.075 | — | Quarterly |
| 1999-03-29 | 1999-04-22 | $0.075 | — | Quarterly |
| 1998-12-29 | 1999-01-21 | $0.075 | — | Quarterly |
| 1998-09-28 | 1998-10-23 | $0.075 | +25.0% | Quarterly |
| 1998-06-17 | 1998-07-24 | $0.06 | — | Quarterly |
| 1998-03-27 | 1998-04-24 | $0.06 | — | Quarterly |
| 1997-12-29 | 1998-01-23 | $0.06 | — | Quarterly |
| 1997-09-26 | 1997-10-24 | $0.06 | — | Quarterly |
| 1997-06-26 | 1997-07-25 | $0.06 | +26.3% | Quarterly |
| 1997-03-26 | 1997-04-25 | $0.0475 | — | Quarterly |
| 1996-12-27 | 1997-01-24 | $0.0475 | — | Quarterly |
| 1996-09-28 | 1996-10-25 | $0.0475 | +11.8% | Quarterly |
| 1996-06-26 | 1996-07-25 | $0.0425 | — | Quarterly |
| 1996-03-27 | 1996-04-25 | $0.0425 | — | Quarterly |
| 1995-12-27 | 1996-01-25 | $0.0425 | — | Quarterly |
| 1995-09-27 | 1995-10-25 | $0.0425 | +13.3% | Quarterly |
| 1995-06-28 | 1995-07-25 | $0.0375 | — | Quarterly |
| 1995-03-27 | 1995-04-25 | $0.0375 | — | Quarterly |
| 1994-12-23 | 1995-01-25 | $0.0375 | — | Quarterly |
| 1994-09-26 | 1994-10-25 | $0.0375 | +15.4% | Quarterly |
| 1994-08-01 | 1994-09-01 | $0.0325 | — | Quarterly |
| 1994-05-02 | 1994-06-01 | $0.0325 | — | Quarterly |
| 1994-01-31 | 1994-03-01 | $0.0325 | — | Quarterly |
| 1993-11-01 | 1993-12-01 | $0.0325 | +8.3% | Quarterly |
| 1993-08-02 | 1993-09-01 | $0.03 | — | Quarterly |
| 1993-05-03 | 1993-06-02 | $0.03 | — | Quarterly |
| 1993-02-01 | 1993-03-02 | $0.03 | — | Quarterly |
| 1992-11-02 | 1992-12-01 | $0.03 | +9.1% | Quarterly |
| 1992-08-03 | 1992-09-01 | $0.0275 | — | Quarterly |
| 1992-05-04 | 1992-06-02 | $0.0275 | — | Quarterly |
| 1992-02-03 | 1992-03-03 | $0.0275 | — | Quarterly |
| 1991-11-01 | 1991-12-03 | $0.0275 | — | Quarterly |
| 1991-08-12 | 1991-09-03 | $0.0275 | +22.2% | Quarterly |
| 1991-05-02 | 1991-06-01 | $0.0225 | — | Quarterly |
| 1991-01-31 | 1991-03-01 | $0.0225 | — | Quarterly |
| 1990-11-01 | 1990-12-01 | $0.0225 | — | Quarterly |
| 1990-08-03 | 1990-09-01 | $0.0225 | +20.0% | Quarterly |
| 1990-05-03 | 1990-06-01 | $0.0187 | — | Quarterly |
| 1990-01-30 | 1990-03-01 | $0.0187 | — | Quarterly |
| 1989-10-31 | 1989-12-01 | $0.0187 | — | Quarterly |
| 1989-08-01 | 1989-09-01 | $0.0187 | +25.0% | |
| 1989-05-02 | 1989-06-01 | $0.015 | — | |
| 1989-01-30 | 1989-03-01 | $0.015 | — | |
| 1988-10-28 | 1988-12-01 | $0.015 | — | |
| 1988-07-29 | 1988-09-01 | $0.015 | +20.0% | |
| 1988-04-29 | 1988-06-01 | $0.0125 | — | |
| 1988-01-29 | 1988-03-01 | $0.0125 | — | |
| 1987-10-30 | 1987-12-01 | $0.0125 | — | |
| 1987-07-31 | 1987-09-01 | $0.0125 | +100.0% | |
| 1987-05-01 | 1987-06-01 | $0.0063 | −44.4% | |
| 1987-01-30 | 1987-03-02 | $0.0112 | −0.4% | |
| 1986-10-31 | — | $0.0113 | — | |
| 1986-08-01 | — | $0.0113 | — | |
| 1986-05-02 | — | $0.0113 | — | |
| 1986-01-31 | — | $0.0113 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
ITW stock split history
- 2:1May 26, 2006
- 2:1May 28, 1997
- 2:1June 21, 1993
- 2:1May 27, 1987
- 2:1May 23, 1984
ITW dividend overview
Illinois Tool Works pays an annual dividend of $6.88 per share, a yield of 2.53% at the latest close, paid quarterly. It paid $6.22 per share in 2025, up 7.2% from 2024. It has raised its dividend for 30 consecutive years. Over five years the dividend grew 7.1% a year on average and over ten years 11.6% a year. The payout ratio is 59.4% of trailing earnings.
Related: ITW cash flow statement, ITW key metrics, ITW chart. See the ITW stock overview for the latest quote and news.
ITW dividends FAQ
Does Illinois Tool Works pay a dividend?
Yes. Illinois Tool Works has paid a regular dividend since 1986, quarterly, most recently $1.72 per share with an ex-dividend date of September 30, 2026.
What is Illinois Tool Works's dividend yield?
Illinois Tool Works's forward annual dividend is $6.88 per share, a dividend yield of 2.53% at the latest close of $272.28.
How often does Illinois Tool Works pay dividends?
Illinois Tool Works pays dividends quarterly.
How fast is Illinois Tool Works's dividend growing?
Illinois Tool Works's dividend per share grew from $4.42 in 2020 to $6.22 in 2025, 7.1% a year on average over five years; it has increased for 30 years in a row.
What is Illinois Tool Works's dividend payout ratio?
Illinois Tool Works pays out 59.4% of its trailing earnings as dividends and 65.9% of its free cash flow (fiscal 2025).
Has Illinois Tool Works split its stock?
Illinois Tool Works has split its stock 5 times: 2:1 on May 26, 2006, 2:1 on May 28, 1997, 2:1 on June 21, 1993, 2:1 on May 27, 1987, 2:1 on May 23, 1984. Dividends per share on this page are adjusted for splits.