ITW Board Of Directors Approves 6 Percent Dividend Increase - Illinois Tool Works (NYSE:ITW)

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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.

27% profits every 20 days?

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