Illinois Tool Works Inc. (ITW) to Issue Quarterly Dividend of $1.61 on January 9th

Illinois Tool Works Inc. (NYSE:ITW) declared a quarterly dividend on Wednesday, October 29th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 1.61 per share by the industrial products company on Friday, January 9th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

Illinois Tool Works has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 55 consecutive years. Illinois Tool Works has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Illinois Tool Works to earn $11.24 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 57.3%.

Illinois Tool Works Price Performance

NYSE ITW opened at $252.41 on Monday. The company has a 50-day moving average price of $248.38 and a 200-day moving average price of $254.01. Illinois Tool Works has a 52 week low of $214.66 and a 52 week high of $278.13. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $73.22 billion, a P/E ratio of 24.48, a PEG ratio of 11.24 and a beta of 1.14.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted $3.91 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Equities research analysts anticipate that Illinois Tool Works will post 10.39 earnings per share for the current year.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.