ITW Increases Quarterly Dividend From $1.61 To $1.72 Per Share; Authorizes New $6B Share Repurchase Program
Illinois Tool Works Inc. (NYSE:ITW) today announced that its Board of Directors has approved a seven percent increase in the company’s regular annual cash dividend from $6.44 to $6.88 per share. The increase is
ITW is giving its owners more money back through dividends (little payments for owning shares) and buying back its own stock, which usually means the company feels strong and confident about its future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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