Illinois Tool Works Dividends and Buybacks
Dividend criteria checks 5/6
Illinois Tool Works is a dividend paying company with a current yield of 2.16% that is well covered by earnings. Next payment date is on 10th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
2.2%
Dividend yield
1.8%
Buyback Yield
| Total Shareholder Yield | 3.9% |
| Future Dividend Yield | 2.2% |
| Dividend Growth | 0.7% |
| Next dividend pay date | 10 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | €6.000 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ITW's dividends per share have been stable in the past 10 years.
Growing Dividend: ITW's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Illinois Tool Works Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ITW) | 2.2% |
| Market Bottom 25% (AT) | 2.1% |
| Market Top 25% (AT) | 6.3% |
| Industry Average (Machinery) | 4.7% |
| Analyst forecast (ITW) (up to 3 years) | 2.2% |
Notable Dividend: ITW's dividend (2.16%) is higher than the bottom 25% of dividend payers in the Austrian market (2.11%).
High Dividend: ITW's dividend (2.16%) is low compared to the top 25% of dividend payers in the Austrian market (6.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.2%), ITW's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (64.3%), ITW's dividend payments are covered by cash flows.