Illinois Tool Works Inc. (ITW) To Go Ex-Dividend on March 31st

Illinois Tool Works Inc. (NYSE:ITW) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Tuesday, March 31st will be given a dividend of 1.61 per share by the industrial products company on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Illinois Tool Works has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 55 years. Illinois Tool Works has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of ITW opened at $258.48 on Friday. The firm has a market capitalization of $74.49 billion, a P/E ratio of 24.64, a PEG ratio of 13.84 and a beta of 1.13. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works has a one year low of $214.66 and a one year high of $303.15. The business has a fifty day moving average of $276.69 and a 200 day moving average of $260.56.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts anticipate that Illinois Tool Works will post 10.39 EPS 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.