Illinois Tool Works (ITW) announced a 33.3% increase in the company's quarterly cash dividend. The quarterly dividend increases to 28 cents per share versus 21 cents per share in the same quarter last year.
- The company's estimated payout ratio will be approximately 31% based on the next four quarters estimated earnings of $3.59.
- The 5-year historical dividend payout ratio is 25%.
- The company's S&P quality ranking is A+
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