"The $1.61 quarterly payment results in an annualized rate of $6.44 per share. The most recent increase, announced in Q3 2025, lifted the quarterly rate from $1.50, a 7% year-over-year increase."
"ITW has raised its dividend for 63 consecutive years, placing it among the most elite dividend growers in the U.S. equity market."
"ITW generated $2.707 billion in free cash flow in fiscal 2025, against total dividend payments of $1.785 billion. That translates to a free cash flow coverage ratio of 1.52x."
Illinois Tool Works announced a quarterly dividend of $1.61 per share, marking a 7% increase from the previous year. This results in an annualized dividend of $6.44 per share, yielding approximately 2.4%. The company has raised its dividend for 63 consecutive years, demonstrating its status as a Dividend King. In fiscal 2025, ITW generated $2.707 billion in free cash flow, covering its dividend payments with a ratio of 1.52x, indicating strong financial health and sustainability for future dividends.
Read at 24/7 Wall St.
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