ITW raises dividend by 7% and launches $6B share buyback program

Company Fundamentals

07 Aug 2026

GlobeNewsWire

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Bullish

Illinois Tool Works Inc. (ITW) announced a 7% increase in its annual dividend from $6.44 to $6.88 per share, effective with the fourth-quarter dividend payable in October 2026. Additionally, ITW's Board approved a new $6 billion share repurchase program to return capital to shareholders, reflecting confidence in the company's long-term growth and cash flow. This marks ITW's 63rd consecutive annual dividend increase, underscoring its strong business model and disciplined capital allocation strategy.

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