Trailing Dividend / Share
$6.11
Illinois Tool Works Inc. (ITW) Dividend History
Income profile from 1986 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.3%
Payout Ratio
58.2%
Sustainable
Dividend Streak
38 years
ITW Dividend Income Check
Safety
58.2% payout ratio with sustainable safety profile.
Consistency
38 straight years of dividend increases.
Income Trend
Yield on cost is 3.1% and trend is rising.
ITW Dividend Scorecard
Yield & Income
Dividend Yield2.3%
Trailing DPS$6.11
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout58.2%
Earnings SafetySustainable
FCF Payout79.6%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak38 years
3Y CAGR7.1%
5Y CAGR7.1%
Yield on Cost (5Y)3.1%
YOC Trendrising
Total Returns
Buyback Yield2.0%
Total Shareholder Yield4.3%
1Y Total Return12.1%
5Y Total Return32.9%
Div Contribution (5Y)12.6%
Estimated $10K growth (return + dividends):
5Y ago$13,28910Y ago$29,02220Y ago$68,335
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
ITW Income Growth Story
Dividend per share and yield on cost over time (41 years of payments)
ITW Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Illinois Tool Works Inc. distributes 58.2% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 79.6%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
ITW has raised its dividend for 38 consecutive years, with a 3-year CAGR of 7.1% and 5-year CAGR of 7.1%.
Total Shareholder Returns
Beyond cash dividends, ITW returns capital through share repurchases. The combined picture: 2.3% dividend yield, 2.0% buyback yield, 4.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.1% and is currently rising. The 5-year total return is 32.9%, with dividends contributing 12.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $29,022 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
ITW Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$28.16
Avg/Payment$1.4080
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $1.6100 | — | 2.44% | Jul 10, 2026 |
| Mar 31, 2026 | $1.6100 | — | 2.43% | Apr 9, 2026 |
| Dec 31, 2025 | $1.6100 | — | 2.53% | Jan 9, 2026 |
| Sep 30, 2025 | $1.6100 | ↑ +7.3% | 2.34% | Oct 10, 2025 |
| Jun 30, 2025 | $1.5000 | — | 2.43% | Jul 11, 2025 |
| Mar 31, 2025 | $1.5000 | — | 2.38% | Apr 10, 2025 |
| Dec 31, 2024 | $1.5000 | — | 2.29% | Jan 10, 2025 |
| Sep 30, 2024 | $1.5000 | ↑ +7.1% | 2.17% | Oct 11, 2024 |
ITW Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
2.3%
#2 of 9
Safety
Sustainable
58.2% payout
Streak
38Y
7.1% 5Y CAGR
Total Shareholder
4.3%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd ITWIllinois Tool Works … | $76.1B | 2.3% | 58.2% | 38 | Sustainable |
 EMREmerson Electric Co. | $84.4B | 1.4% | 52.0% | 54 | Sustainable |
 ETNEaton Corporation pl… | $163.8B | 1.0% | 39.8% | 16 | Sustainable |
3rd  HONHoneywell Internatio… | $145.1B | 2.0% | 62.9% | 8 | Watch |
 ROKRockwell Automation,… | $53.2B | 1.1% | 68.0% | 16 | Watch |
 PHParker-Hannifin Corp… | $120.3B | 0.7% | 24.4% | 9 | Sustainable |
 DOVDover Corporation | $30.1B | 0.9% | 25.9% | 44 | Sustainable |
 AMEAMETEK, Inc. | $54.4B | 0.5% | 19.3% | 6 | Sustainable |
1st  SWKStanley Black & Deck… | $13.5B | 3.8% | 1.2% | 41 | Sustainable |
ITW Annual Dividend History (1986–2026)
41 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.22 | — | 2 | — | — | — | 1.6% |
| 2025 | $6.22 | 7.2% | 4 | $10.49 | 59.3% | 1.69x | 3.1% |
| 2024 | $5.80 | 7.0% | 4 | $11.71 | 49.5% | 2.02x | 2.9% |
| 2023 | $5.42 | 7.1% | 4 | $9.74 | 55.6% | 1.80x | 2.7% |
| 2022 | $5.06 | 7.2% | 4 | $9.77 | 51.8% | 1.93x | 2.5% |
| 2021 | $4.72 | 6.8% | 4 | $8.51 | 55.5% | 1.80x | 2.3% |
| 2020 | $4.42 | 6.8% | 4 | $6.63 | 66.7% | 1.50x | 2.2% |
| 2019 | $4.14 | 16.3% | 4 | $7.74 | 53.5% | 1.87x | 2.0% |
| 2018 | $3.56 | 24.5% | 4 | $7.60 | 46.8% | 2.13x | 1.8% |
| 2017 | $2.86 | 19.2% | 4 | $4.86 | 58.8% | 1.70x | 1.4% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into ITW consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
40+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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ITW — Frequently Asked Questions
Quick answers to the most common questions about buying ITW stock.
How much dividend does ITW pay per share?
Illinois Tool Works Inc. (ITW) pays a trailing 12-month dividend of $6.11 per share, with a current dividend yield of +2.3%. Payments are made Semi-Annual.
When is ITW's next ex-dividend date?
ITW's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. ITW typically pays dividends Semi-Annual.
Is ITW's dividend safe?
ITW's dividend safety is rated "Sustainable" based on an earnings payout ratio of +58.2% and FCF payout ratio of +79.6%. With 38 consecutive years of dividend growth, the track record supports sustainability.
Is ITW a Dividend Aristocrat?
Yes, Illinois Tool Works Inc. is classified as a Dividend Aristocrat with 38 consecutive years of dividend increases. The 5-year dividend CAGR is +7.1%, demonstrating above-inflation dividend growth.
How often does ITW pay dividends?
Illinois Tool Works Inc. pays dividends Semi-Annual. The trailing 12-month total is $6.11 per share. Dividend data on this page covers 40+ years from 1986 to 2026.
How much would $10,000 invested in ITW grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in ITW five years ago would be worth approximately $13,289 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is ITW's yield on cost for long-term holders?
ITW's yield on cost — the current dividend divided by the original purchase price — is +3.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.3% market yield, thanks to consistent dividend growth.