Friday, August 03, 2007

Illinois Tool Works Increases Dividend 33%

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+
(click on table/chart for larger image)

Illinois Tool Works Dividend Table. August 2007
Illinois Tool Works stock chart. August 2007

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