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ITW - Illinois Tool Works Inc News Story

$224.2 0.6  0.3%

Last Trade - 6:15pm

Large Cap
Market Cap £50.60bn
Enterprise Value £54.52bn
Revenue £9.25bn
Position in Universe 188th / 6938

ITW Board of Directors Declares Quarterly Dividend

Fri 7th May, 2021 3:36pm
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GLENVIEW, Ill., May 07, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of
Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's
common stock of $1.14 per share for the second quarter of 2021. The dividend
equates to $4.56 per share on a full-year basis. The dividend will be paid on
Thursday, July 15, 2021 to shareholders of record as of June 30, 2021.

The Board also approved a new share repurchase program that authorizes
management to buy back up to $3 billion of the Company’s common stock over
an open-ended period of time. The full authorization represents approximately
13 million shares based on ITW’s closing share price on May 6, 2021. The
Company’s existing share repurchase authorization of $3 billion was
announced in August 2018 and has approximately $1.0 billion remaining in that
program as of March 31, 2021.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader
with revenues totaling $12.6 billion in 2020. The company’s seven
industry-leading segments leverage the unique ITW Business Model to drive
solid growth with best-in-class margins and returns in markets where highly
innovative, customer-focused solutions are required. ITW’s approximately
43,000 dedicated colleagues around the world thrive in the company’s
decentralized and entrepreneurial culture.

 Media Contact           Investor Relations         
 Illinois Tool Works     Illinois Tool Works        
 Tel: 224.661.7481       Tel: 224.661.7433    


GlobeNewswire, Inc. 2021
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