The American conglomerate Illinois Tool Works Inc. (ISIN: US4523081093, NYSE: ITW) will pay out a quarterly dividend of USD 1.22, which will remain constant compared to the previous quarter. The distribution for the first quarter will be made on April 14, 2022 (record day: March 31, 2022).
The group is thus paying out 4.88 US dollars to investors for the year. The dividend yield of the company, which specializes in machine tool construction, is 2.24 percent at the current stock market price of 217.72 US dollars (as of February 11, 2022). Illinois Tool Works is one of the Dividend Aristocrats. These are companies that have increased their dividends every year for at least 25 years. In August 2021, the dividend was increased by seven percent to the current amount.
The company was founded in 1912 as a manufacturer of metal cutting tools by Byron L. Smith. Today, the group employs around 45,000 people worldwide. The company’s headquarters are in Glenview near Chicago in the US state of Illinois. Operating revenue for the fourth quarter ended December 31 of fiscal 2021 was $3.68 billion (prior year: $3.48 billion), as reported on February 3. Earnings were $609 million (previous year: $642 million).
Since the beginning of 2022, the stock has been down 11.78 percent on Wall Street and currently has a market capitalization of $68.34 billion (as of February 11, 2022).
Editorial team MyDividends.de
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