Illinois Tool Works Dividend
Dividend criteria checks 5/6
Illinois Tool Works is a dividend paying company with a current yield of 2.32% that is well covered by earnings. Next payment date is on 11th January, 2024 with an ex-dividend date of 28th December, 2023.
Key information
2.3%
Dividend yield
52%
Payout ratio
Industry average yield | 0% |
Next dividend pay date | 11 Jan 24 |
Ex dividend date | 28 Dec 23 |
Dividend per share | n/a |
Earnings per share | Mex$10.46 |
Dividend yield forecast in 3Y | 2.4% |
Recent dividend updates
Recent updates
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 *) | 2.3% |
Market Bottom 25% (MX) | 0% |
Market Top 25% (MX) | 0% |
Industry Average (Machinery) | 0% |
Analyst forecast in 3 Years (ITW *) | 2.4% |
Notable Dividend: ITW *'s dividend (2.32%) is higher than the bottom 25% of dividend payers in the MX market (2.31%).
High Dividend: ITW *'s dividend (2.32%) is low compared to the top 25% of dividend payers in the MX market (7.29%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.5%), ITW *'s dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (59.5%), ITW *'s dividend payments are covered by cash flows.