Illinois Tool Works Inc. (ITW) Dividends

Illinois Tool Works Inc. (ITW)

Today's Latest Price: $175.33 USD

2.89 (1.68%)

Updated Jul 2 10:47am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 59 in Industrial - Machinery

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • ITW has issued more total dividends (as measured in absolute US dollars) over the past six years than 90.79% of other US stocks currently paying dividends.
  • If price volatilty is something you're paying attention to when building your dividend portfolio, know that ITW has less fluctuation in its price than 92.19% of stocks we're observing.
  • If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with ITW that may be suitable potential portfolio mates: PHI, GLBS, ELS, DHT and CASA.
ITW Ex-Dividend Date
ITW Dividend Yield
2.48%
ITW Annual Dividend
$4.28
ITW Payout Ratio

ITW Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target:Forecasted Gain:
$175.33$125.82-26.16%

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. Regarding Illinois Tool Works Inc, the DDM model, as implemented by StockNews, implies a negative return of 26.16% relative to its current price. To help understand and contextualize the model's evaluation of ITW, investors may wish to consider are:

  • If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Industrials sector, the expected return of -26.16%, based on the stock's current share price and target price based on a dividend discount model, is greater than 65.65% of the DDM-forecasted return of its its sector peers.
  • Compared to all dividend issuing stocks in our set, ITW has a discount rate lower than 65.65% of them (a lower discount rate is associated with lower risk).
  • Illinois Tool Works Inc has annual revenue of approximately $14 billion; this classifies the stock in the large-sized revenue class -- and relative to other dividend issuers in this class, the growth rate of its dividend is greater than that of 67.25% of them.

ITW Dividend Chart


ITW Dividend History

Ex-Dividend DateTypePayout AmountChange
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ITW Dividends vs. Peers

ITW's dividend yield currently ranks #10 of 61 vs. its peers in the Industrial - Machinery category.
RankSymbolNameDividend Yield
1CYDChina Yuchai International Limited 6.00%
2POWLPowell Industries, Inc.3.87%
3MMM3M Company 3.78%
4LXFRLuxfer Holdings PLC Ordinary Shares3.69%
5ETNEaton Corporation, PLC Ordinary Shares3.35%
6CATCaterpillar, Inc. 3.27%
7CRCrane Co. 3.02%
8FLSFlowserve Corporation 2.90%
9RAVNRaven Industries, Inc.2.56%
10ITWIllinois Tool Works Inc. 2.48%
11LECOLincoln Electric Holdings, Inc.2.38%
12ABBABB Ltd 2.24%
13AOSA.O. Smith Corporation 2.07%
14DOVDover Corporation 2.05%
15AZZAZZ Inc.2.04%
16ROKRockwell Automation, Inc. 1.94%
17DEDeere & Company 1.94%
18GRCGorman-Rupp Company (The) 1.92%
19DCIDonaldson Company, Inc. 1.85%
20GGGGraco Inc. 1.48%
21TWITitan International, Inc. (DE) 1.46%
22RBCRegal Beloit Corporation 1.42%
23TNCTennant Company 1.39%
24LIILennox International, Inc. 1.33%
25IEXIDEX Corporation 1.28%
26ITTITT Inc. 1.19%
27ASTEAstec Industries, Inc.0.99%
28NDSNNordson Corporation0.82%
29AMEAMETEK, Inc.0.82%
30CWCurtiss-Wright Corporation 0.78%
31CMCOColumbus McKinnon Corporation0.74%
32ROPRoper Technologies, Inc. 0.53%
33ALGAlamo Group, Inc. 0.51%
34JBTJohn Bean Technologies Corporation 0.49%
35DHRDanaher Corporation 0.41%
36CGNXCognex Corporation0.37%
37ATUActuant Corporation 0.18%
38HDNGHardinge Inc.0.11%
39TAYDTaylor Devices, Inc.0.00%
40GDIGardner Denver Holdings, Inc. 0.00%
41CFXColfax Corporation 0.00%
42THRThermon Group Holdings, Inc. 0.00%
43GENCGencor Industries Inc.0.00%
44CPSTCapstone Turbine Corporation0.00%
45BWENBroadwind Energy, Inc.0.00%
46CNHICNH Industrial N.V. Common Shares0.00%
47IPWRIdeal Power Inc.0.00%
48APAmpco-Pittsburgh Corporation 0.00%
49TWINTwin Disc, Incorporated0.00%
50ZBRAZebra Technologies Corporation - 0.00%
51JASNJason Industries, Inc.0.00%
52XRMXerium Technologies, Inc. New 0.00%
53MTWManitowoc Company, Inc. (The) 0.00%
54CVVCVD Equipment Corporation0.00%
55MNTXManitex International, Inc. - common stock0.00%
56HDSNHudson Technologies, Inc.0.00%
57KRNTKornit Digital Ltd. - Ordinary Shares0.00%
58GNRCGenerac Holdlings Inc. 0.00%
59IRIngersoll-Rand plc (Ireland)0.00%
60MCRNMilacron Holdings Corp.0.00%
61SPXCSPX Corporation 0.00%

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


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