Brief: Itw Board Of Directors Approves Dividend Rate Increase

Illinois Tool Works

04/08/2023 18:53

Aug 4 (Reuters) - Illinois Tool Works Inc  ITW.N :
    * ITW BOARD OF DIRECTORS APPROVES DIVIDEND RATE INCREASE
    * ILLINOIS TOOL WORKS INC - DECLARED A DIVIDEND ON COMPANY'S COMMON STOCK OF $1.40 PER SHARE
FOR
Q3 OF 2023
    * ILLINOIS TOOL WORKS INC - AUTHORIZED A SEVEN PERCENT INCREASE TO DIVIDEND PAYOUT TO
SHAREHOLDERS, REPRESENTING A QUARTERLY INCREASE OF $0.09 PER SHARE
    * ILLINOIS TOOL WORKS INC - ALSO APPROVED NEW SHARE REPURCHASE PROGRAM THAT AUTHORIZES
MANAGEMENT
TO PURCHASE UP TO $5 BILLION OF CO'S COMMON STOCK

Source text for Eikon:  ID:nGNX3mtxlP 
Further company coverage:  ITW.N 

 ((Reuters.Briefs@thomsonreuters.com;))