Illinois Tool Works (ITW) Dividend
Dividend King — 50 consecutive years of dividend increases.
Illinois Tool Works (ITW) currently pays a dividend yield of 2.64%, distributing $6.88 per share annually ($1.72 per quarter). The company operates in the Industrials sector.
ITW has raised its dividend for 50 consecutive years, earning it Dividend King status — an elite group of companies with 50 or more years of uninterrupted dividend increases.
ITW dividend at a glance
| Dividend Yield | 2.64% |
|---|---|
| Annual Dividend | $6.88 per share |
| Per Payment | $1.72 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | December 30, 2026 |
| Next Payment Date | October 9, 2026 |
| Payout Ratio | 58% |
| Consecutive Years of Dividend Growth | 50 |
| Sector | Industrials |
| Implied Share Price (from yield) | $260.61 |
What ITW pays on a $10,000 investment
At a 2.64% yield, $10,000 invested in ITW generates about $264.00 per year, or roughly $66.00 every quarter. Share counts below use an implied price of $260.61, derived from the $6.88 annual dividend and the 2.64% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 3.8 | $26.40 | $6.60 |
| $5,000 | 19.2 | $132.00 | $33.00 |
| $10,000 | 38.4 | $264.00 | $66.00 |
| $25,000 | 95.9 | $660.00 | $165.00 |
| $100,000 | 383.7 | $2,640.00 | $660.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
ITW dividend payment schedule
ITW pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is December 30, 2026, with payment on October 9, 2026. Later rows are projected forward at the same interval and will shift when Illinois Tool Works declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| December 30, 2026 | October 9, 2026 | $1.72 | Confirmed |
| March 30, 2027 | January 7, 2027 | $1.72 | Projected |
| June 30, 2027 | April 9, 2027 | $1.72 | Projected |
| September 30, 2027 | July 10, 2027 | $1.72 | Projected |
To collect a ITW dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How ITW's dividend compares
Across the 714 dividend stocks and ETFs DivTrkr tracks, the median yield is 4.23%. ITW's 2.64% is 1.59 percentage points below that median, ranking 451st of 714 by yield.
Within Industrials, where we track 58 names, the median yield is 1.47% — putting ITW above its sector.
Its 50-year run of dividend increases ranks 14th out of the 363 names in our data with an active growth streak.
What the numbers mean
ITW pays out roughly 58% of its earnings as dividends. That sits in the range income investors generally consider healthy and sustainable for a mature business.
Like most US dividend payers, ITW distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
ITW dividend FAQ
When is the next ITW ex-dividend date?
The next ITW ex-dividend date is December 30, 2026, with the payment scheduled for October 9, 2026. You must own shares before the ex-dividend date to receive that payment.
What is ITW's dividend yield?
ITW currently yields 2.64%, based on $6.88 in dividends per share over the past year.
How often does ITW pay dividends?
ITW pays quarterly, which works out to 4 payments per year of about $1.72 per share.
How much dividend income would $10,000 of ITW generate?
At the current 2.64% yield, $10,000 invested in ITW would produce roughly $264.00 per year, or about $66.00 per quarter, before taxes and assuming the dividend holds.
Has ITW increased its dividend?
Yes — ITW has raised its dividend for 50 consecutive years. That makes it a Dividend King.
ITW dividend history
DivTrkr holds 159 recorded ITW dividend payments going back to 1987, with 38 consecutive complete years of increases and +7.1% a year of growth over the last five complete years. See the full ITW dividend history — every payment, annual totals and growth by year.
Related dividend stocks
Other Industrials dividend payers
- ASC — Ardmore Shipping Corporation dividend (16.42%)
- USEA — United Maritime Corporation dividend (14.84%)
- ZIM — ZIM Integrated Shipping Services Ltd. dividend (11.83%)
- ICAP — Infrastructure Capital Equity Income Fund ETF dividend (10.99%)
- TDG — TransDigm Group Incorporated dividend (8.20%)
- BOAT — SonicShares Global Shipping ETF dividend (7.78%)
- UPS — United Parcel Service, Inc. dividend (6.99%)
- SFL — SFL Corporation Ltd. dividend (6.53%)
Similar yields to ITW
- COP — ConocoPhillips dividend (2.64%)
- APD — Air Products & Chemicals dividend (2.65%)
- ABBV — AbbVie Inc. dividend (2.66%)
- ADM — Archer-Daniels-Midland dividend (2.62%)
- KR — The Kroger Co. dividend (2.62%)
- SCHP — Schwab U.S. TIPs ETF dividend (2.67%)
Track ITW dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.