Illinois Tool Works Inc. (ITW) Dividends
Dividend Yield and Dividend History Highlights
- If you care about predictable cash flow, note that ITW reports less variability in its free cash flow than 97.73% of the dividend stocks we're tracking.
- As for stocks whose price is uncorrelated with ITW's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: ZI, SLRX, PRGO, VIAC and TEVA.
ITW Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $258.82 | $317.55 | 51.68% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for ITW, the DDM model, as implemented by StockNews, implies a positive return of 51.68% relative to its current price. Digging deeper, the aspects of Illinois Tool Works Inc's dividend discount model that we found most interesting were:
- In comparison to other US listed dividend yielding stocks in the Industrials sector, Illinois Tool Works Inc's expected return of 51.68% is higher than 84.78% of its fellow sector mates.
- Out of all stocks in our universe of US-listed dividend-issuing stocks, ITW has a discount rate lower than 84.78% of them (a lower discount rate is associated with lower risk).
- Beta, a measure of volatility relative to the stock market overall, is lower for ITW than it is for 80.43% of other equities in the Industrials sector that also issue dividends.
- In comparison to its fellow dividend issuing stocks in the Industrials sector, ITW's equity discount rate is less than 88.26% of those stocks.
ITW Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-09-30 | Dividend | $1.50 | +7.14% |
| 2024-06-28 | Dividend | $1.40 | -- |
| 2024-03-27 | Dividend | $1.40 | -- |
| 2023-12-28 | Dividend | $1.40 | -- |
| 2023-09-28 | Dividend | $1.40 | +6.87% |
| 2023-06-29 | Dividend | $1.31 | -- |
| 2023-03-30 | Dividend | $1.31 | -- |
| 2022-12-29 | Dividend | $1.31 | -- |
| 2022-09-29 | Dividend | $1.31 | +7.38% |
| 2022-06-29 | Dividend | $1.22 | -- |
| 2022-03-30 | Dividend | $1.22 | -- |
| 2021-12-30 | Dividend | $1.22 | -- |
| 2021-09-29 | Dividend | $1.22 | +7.02% |
| 2021-06-29 | Dividend | $1.14 | -- |
| 2021-03-30 | Dividend | $1.14 | -- |
| 2020-12-30 | Dividend | $1.14 | -- |
| 2020-09-29 | Dividend | $1.14 | +6.54% |
| 2020-06-29 | Dividend | $1.07 | -- |
| 2020-03-30 | Dividend | $1.07 | -- |
| 2019-12-30 | Dividend | $1.07 | -- |
| 2019-09-27 | Dividend | $1.07 | +7.00% |
| 2019-06-27 | Dividend | $1.00 | -- |
| 2019-03-28 | Dividend | $1.00 | -- |
| 2018-12-28 | Dividend | $1.00 | -- |
| 2018-09-27 | Dividend | $1.00 | +28.21% |
| 2018-06-28 | Dividend | $0.78 | -- |
| 2018-03-28 | Dividend | $0.78 | -- |
| 2017-12-28 | Dividend | $0.78 | -- |
| 2017-09-28 | Dividend | $0.78 | +20.00% |
| 2017-06-28 | Dividend | $0.65 | -- |
| 2017-03-29 | Dividend | $0.65 | -- |
| 2016-12-28 | Dividend | $0.65 | -- |
| 2016-09-28 | Dividend | $0.65 | +18.18% |
| 2016-06-28 | Dividend | $0.55 | -- |
| 2016-03-29 | Dividend | $0.55 | -- |
| 2015-12-29 | Dividend | $0.55 | -- |
| 2015-09-28 | Dividend | $0.55 | +13.40% |
| 2015-06-26 | Dividend | $0.49 | -- |
| 2015-03-27 | Dividend | $0.49 | -- |
| 2014-12-29 | Dividend | $0.49 | -- |
| 2014-09-26 | Dividend | $0.49 | +15.48% |
| 2014-06-26 | Dividend | $0.42 | -- |
| 2014-03-27 | Dividend | $0.42 | -- |
| 2013-12-27 | Dividend | $0.42 | -- |
| 2013-09-26 | Dividend | $0.42 | +10.53% |
| 2013-06-26 | Dividend | $0.38 | -- |
| 2013-03-26 | Dividend | $0.38 | -- |
| 2012-12-14 | Dividend | $0.38 | -- |
| 2012-09-26 | Dividend | $0.38 | +5.56% |
| 2012-06-27 | Dividend | $0.36 | -- |
| 2012-03-28 | Dividend | $0.36 | -- |
| 2011-12-28 | Dividend | $0.36 | -- |
| 2011-09-28 | Dividend | $0.36 | +5.88% |
| 2011-06-28 | Dividend | $0.34 | -- |
| 2011-03-29 | Dividend | $0.34 | -- |
| 2010-12-29 | Dividend | $0.34 | -- |
| 2010-09-28 | Dividend | $0.34 | +9.68% |
| 2010-06-28 | Dividend | $0.31 | -- |
| 2010-03-29 | Dividend | $0.31 | -- |
| 2009-12-29 | Dividend | $0.31 | -- |
| 2009-09-28 | Dividend | $0.31 | -- |
| 2009-06-26 | Dividend | $0.31 | -- |
| 2009-03-27 | Dividend | $0.31 | -- |
| 2008-12-29 | Dividend | $0.31 | -- |
| 2008-09-26 | Dividend | $0.31 | +10.71% |
| 2008-06-26 | Dividend | $0.28 | -- |
| 2008-03-27 | Dividend | $0.28 | -- |
| 2007-12-27 | Dividend | $0.28 | -- |
| 2007-09-26 | Dividend | $0.28 | +33.33% |
| 2007-06-27 | Dividend | $0.21 | -- |
| 2007-03-28 | Dividend | $0.21 | -- |
| 2006-12-27 | Dividend | $0.21 | -- |
| 2006-09-27 | Dividend | $0.21 | +27.27% |
| 2006-06-28 | Dividend | $0.17 | +3.03% |
| 2006-05-26 | Split | 2-1-for-1 Stock Split | N/A |
| 2006-03-29 | Dividend | $0.33 | -- |
| 2005-12-28 | Dividend | $0.33 | -- |
| 2005-09-28 | Dividend | $0.33 | +17.86% |
| 2005-06-28 | Dividend | $0.28 | -- |
| 2005-03-29 | Dividend | $0.28 | -- |
| 2004-12-29 | Dividend | $0.28 | -- |
| 2004-09-28 | Dividend | $0.28 | +16.67% |
| 2004-06-28 | Dividend | $0.24 | -- |
| 2004-03-29 | Dividend | $0.24 | -- |
| 2003-12-29 | Dividend | $0.24 | -- |
| 2003-09-26 | Dividend | $0.24 | +4.35% |
| 2003-06-26 | Dividend | $0.23 | -- |
| 2003-03-27 | Dividend | $0.23 | -- |
| 2002-12-27 | Dividend | $0.23 | -- |
| 2002-09-26 | Dividend | $0.23 | +4.55% |
| 2002-06-26 | Dividend | $0.22 | -- |
| 2002-03-26 | Dividend | $0.22 | -- |
| 2001-12-27 | Dividend | $0.22 | -- |
| 2001-09-26 | Dividend | $0.22 | +10.00% |
| 2001-06-27 | Dividend | $0.20 | -- |
| 2001-03-28 | Dividend | $0.20 | -- |
| 2000-12-27 | Dividend | $0.20 | -- |
| 2000-09-27 | Dividend | $0.20 | +11.11% |
| 2000-06-28 | Dividend | $0.18 | -- |
| 2000-03-29 | Dividend | $0.18 | -- |
| 1999-12-29 | Dividend | $0.18 | -- |
| 1999-09-28 | Dividend | $0.18 | +20.00% |
| 1999-06-28 | Dividend | $0.15 | +100.00% |
| 1999-03-29 | Dividend | $0.08 | -- |
| 1998-12-29 | Dividend | $0.08 | -- |
| 1998-09-28 | Dividend | $0.08 | +25.00% |
| 1998-06-17 | Dividend | $0.06 | -- |
| 1998-03-27 | Dividend | $0.06 | -- |
| 1997-12-29 | Dividend | $0.06 | -- |
| 1997-09-26 | Dividend | $0.06 | -- |
| 1997-06-26 | Dividend | $0.06 | +140.00% |
| 1997-05-28 | Split | 2-1-for-1 Stock Split | N/A |
| 1997-03-26 | Dividend | $0.05 | -- |
| 1996-12-27 | Dividend | $0.05 | -- |
| 1996-09-26 | Dividend | $0.05 | +11.76% |
| 1996-06-26 | Dividend | $0.04 | -- |
| 1996-03-27 | Dividend | $0.04 | -- |
| 1995-12-27 | Dividend | $0.04 | -- |
| 1995-09-27 | Dividend | $0.04 | +13.33% |
| 1995-06-28 | Dividend | $0.04 | -- |
| 1995-03-27 | Dividend | $0.04 | -- |
| 1994-12-23 | Dividend | $0.04 | -- |
| 1994-09-26 | Dividend | $0.04 | +15.38% |
| 1994-08-01 | Dividend | $0.03 | -- |
| 1994-05-02 | Dividend | $0.03 | -- |
| 1994-01-31 | Dividend | $0.03 | -- |
| 1993-11-01 | Dividend | $0.03 | +8.33% |
| 1993-08-02 | Dividend | $0.03 | -- |
| 1993-05-03 | Dividend | $0.03 | -- |
| 1993-02-01 | Dividend | $0.03 | -- |
| 1992-11-02 | Dividend | $0.03 | +9.09% |
| 1992-08-03 | Dividend | $0.03 | -- |
| 1992-05-04 | Dividend | $0.03 | -- |
| 1992-02-03 | Dividend | $0.03 | -- |
| 1991-11-01 | Dividend | $0.03 | -- |
| 1991-08-12 | Dividend | $0.03 | +22.22% |
| 1991-05-02 | Dividend | $0.02 | -- |
| 1991-01-29 | Dividend | $0.02 | -- |
| 1990-11-01 | Dividend | $0.02 | -- |
| 1990-08-03 | Dividend | $0.02 | +20.00% |
| 1990-05-03 | Dividend | $0.02 | -- |
| 1990-01-30 | Dividend | $0.02 | -- |
| 1989-10-31 | Dividend | $0.02 | -- |
| 1989-08-01 | Dividend | $0.02 | +25.00% |
| 1989-05-02 | Dividend | $0.02 | -- |
| 1989-01-30 | Dividend | $0.02 | -- |
| 1988-10-28 | Dividend | $0.02 | -- |
| 1988-07-29 | Dividend | $0.02 | +20.00% |
| 1988-04-29 | Dividend | $0.01 | -- |
| 1988-01-29 | Dividend | $0.01 | -- |
ITW Dividends vs. Peers
ITW's dividend yield currently ranks #98 of 104 vs. its peers in the Industrial - Machinery category.
Looking for More Information on ITW dividends?
Want to see what other sources are saying about Illinois Tool Works Inc's dividends? Try the links below:Illinois Tool Works Inc Common Stock (ITW) Dividend History | Nasdaq
Dividend History for Illinois Tool Works Inc (ITW) - Dividend Investor
Illinois Tool Works Inc (ITW) Dividend History - Seeking Alpha