ITW Board of Directors Declares Quarterly Dividend
May 07 2021 - 10:36AM
The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW)
declared a dividend on the company's common stock of $1.14 per
share for the second quarter of 2021. The dividend equates to $4.56
per share on a full-year basis. The dividend will be paid on
Thursday, July 15, 2021 to shareholders of record as of June 30,
2021.
The Board also approved a new share repurchase
program that authorizes management to buy back up to $3 billion of
the Company’s common stock over an open-ended period of time. The
full authorization represents approximately 13 million shares based
on ITW’s closing share price on May 6, 2021. The Company’s existing
share repurchase authorization of $3 billion was announced in
August 2018 and has approximately $1.0 billion remaining in that
program as of March 31, 2021.
About Illinois Tool WorksITW
(NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing
leader with revenues totaling $12.6 billion in 2020. The company’s
seven industry-leading segments leverage the unique ITW Business
Model to drive solid growth with best-in-class margins and returns
in markets where highly innovative, customer-focused solutions are
required. ITW’s approximately 43,000 dedicated colleagues around
the world thrive in the company’s decentralized and entrepreneurial
culture. www.itw.com
Media Contact |
Investor Relations |
Illinois
Tool Works |
Illinois
Tool Works |
Tel:
224.661.7481 |
Tel:
224.661.7433 |
mediarelations@itw.com |
investorrelations@itw.com |
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