Does Illinois Tool Works (ITW) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Illinois Tool Works (ITW) pays a dividend with an approximate yield of ~$6.44/share, yield ~2.1% as of early 2026, typically quarterly. A dividend is a slice of profits returned to shareholders, and the yield is that payout divided by the share price, so it drifts as both change. Figures here are approximate; verify the current number with your broker.
Does Illinois Tool Works (ITW) pay a dividend?
Yes. Illinois Tool Works distributes an approximate ~$6.44/share, yield ~2.1% yield (early 2026), usually quarterly. ITW is usually valued as a quality industrial compounder, so investors focus less on revenue growth and more on margins, free cash flow, return on invested capital, and per-share earnings growth. Its operating margin near 26% is among the highest in diversified industrials, and the forward price-to-earnings ratio in the low twenties reflects a premium the market assigns to that consistency and the long dividend record. Because organic growth is modest, the earnings-per-share story leans on margin expansion and buybacks, which is why guidance for about 7% EPS growth in 2026 comes alongside only 2 to 4% expected revenue growth.
ITW dividend at a glance
| 2026-06-30 | $1.61 |
| 2026-03-31 | $1.61 |
| 2025-12-31 | $1.61 |
| 2025-09-30 | $1.61 |
| 2025-06-30 | $1.5 |
| 2025-03-31 | $1.5 |
ITW dividend data as of July 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ITW's investor relations page before relying on it.
How to think about ITW's dividend
- Yield is a snapshot: ~$6.44/share, yield ~2.1% today, but it moves with price and payout.
- Total return vs income: dividends are one part of return; price change is usually the bigger part for a name like ITW.
- Reinvest or take income: a DRIP compounds; taking the cash gives income now.
- For more yield: dedicated dividend stocks and ETFs target higher payouts. See the best dividend ETFs.
The bottom line on the ITW dividend
Illinois Tool Works (ITW) pays an approximate ~$6.44/share, yield ~2.1% dividend, so it offers some income but is held mostly for total return, not yield. For the full picture see the ITW guide. Walnut can show how ITW fits your real portfolio. It is not an investment adviser.
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FAQ
Does Illinois Tool Works (ITW) pay a dividend?
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Illinois Tool Works has an approximate dividend yield of ~$6.44/share, yield ~2.1% (early 2026). Yields move with price and payout, so treat this as a recent snapshot and verify the current figure with your broker or ITW's investor relations page.
What is ITW's dividend yield?
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Approximately ~$6.44/share, yield ~2.1% as of early 2026 (approximate, verify). Remember a higher yield is not automatically better: it can reflect a falling share price as much as a generous payout.
How often does ITW pay its dividend?
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US companies that pay dividends, like Illinois Tool Works if it does, typically distribute them quarterly. Confirm the exact schedule and ex-dividend dates on ITW's investor relations page before relying on the timing.
Can I reinvest ITW dividends?
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Yes. Most brokers offer automatic dividend reinvestment (a DRIP) so any ITW dividend buys more shares automatically. It compounds over time but is still taxable in a taxable account.
Is ITW a good dividend stock?
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Walnut is informational, not investment advice. With an approximate ~$6.44/share, yield ~2.1% yield, ITW is more of a growth or total-return name than a high-yield one. Dedicated dividend stocks and ETFs target higher, steadier yield; match the choice to whether you want income now or growth.
Does ITW pay a dividend?
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Yes. ITW is a Dividend Aristocrat with more than 60 consecutive years of dividend increases. For 2026 it raised the payout about 7% to $1.61 per share per quarter, or $6.44 on an annualized basis, a yield near 2.1%. The dividend is supported by strong free cash flow, and ITW pairs it with regular share buybacks.
Walnut is informational, not investment advice. Dividend figures are approximate and dated; verify current yield, schedule, and policy with ITW's investor relations page or your broker.