Illinois Tool Works increases dividend by 15.5%

Dividend Aristocrat Illinois Tool Works (ITW) will raise its dividend by 15,5%.

The quarterly dividend is increased from $0,42 to $0,485 per share. At Friday's closing price of $84,60 the indicated yield on the new annual dividend is 2,3%.

Illinois Tool Works, also know as ITW, now has increased the dividend for more than 50 consecutive years.

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