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Illinois Tool Works Raises Dividend by 7.1%

Provided by Dow Jones

Aug 2, 2024 4:23pm

By Victor Swezey

Illinois Tool Works is raising its dividend, increasing its quarterly payout to $1.50 a share from $1.40 a share.

The new payout, equal to $6 a year, represents an annual yield of about 2.5%, based on Thursday's closing price of $242.26.

The company said Friday that the dividend would be payable on Oct. 11 to shareholders of record on Sept. 30.

Write to Victor Swezey at victor.swezey@wsj.com

(END) Dow Jones Newswires

August 02, 2024 12:23 ET (16:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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