Illinois Tool Works Inc. Approves Dividend Rate Increase, Payable on October 14, 2021
August 06, 2021 at 01:51 pm EDT
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The Board of Directors of Illinois Tool Works Inc. authorized a 7% increase to the dividend payout to shareholders, representing a quarterly increase of $0.08 per share or $0.32 per share annually versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.22 per share for the third quarter of 2021. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on October 14, 2021, to shareholders of record as of September 30, 2021.
Illinois Tool Works Inc. is a diversified industrial group organized around 7 families of products:
- automotive equipment (20.1% of net sales). Besides, the group proposes products for maintenance and refurbishment (coatings, sealants, shutters, etc.);
- electronic equipment (17.5%): primarily equipment of microelectronic assembly. The group also provides test and measurement equipment and software;
- equipment for industrial kitchens (16.3%): cookers, dishwasher, ovens, refrigerators, cupboards, systems of aeration, etc.;
- construction systems and materials (12.6%): powder and gas nailing, perforators and consumables (fuses, chisels, pads, plugs, etc.) intended for applications on wood, steel and concrete;
- polymers, coatings, resins, adhesives and lubricants (11.2%);
- metallurgical equipment (10.5%): arc welding equipment, blowtorches, welding accessories, etc.
- specialty products (11.3%): industrial packaging systems and materials, products coding and marking equipment, etc.
Net sales are distributed geographically as follows: the United States (47.1%), North America (6.9%), Europe/Middle East/Africa (25.8%), Asia/Pacific (18.3%) and South America (1.9%).
ILLINOIS TOOL WORKS INC. 
