ITW Board Of Directors Approves 6 Percent Dividend Increase
The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of $0.38 cents per share or $1.52 per share on an annual basis. The quarterly increase of $0.02 cents per share—$0.08 cents per share annually—represents a 6 percent increase versus the current dividend rate. The newly increased dividend will be paid on October 10, 2012 to stockholders of record as of September 28, 2012.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.