Friday, August 08, 2008

Illinois Tool Works Increases Dividend 10.7%

Illinois Tool Works (ITW) announced a 10.7% increase in the company's 4th quarter dividend. The new quarterly dividend increases to 31 cents per share versus 28 cents per share in the same quarter last year.
  • The company's historical 5-year average dividend growth rate is approximately 17%.
  • The projected payout ratio is 34% based on December 2008 estimated earnings of $3.70.
  • The 5-year average payout ratio is 27%.
(click on table/chart for larger image)

Illinois Tool Works dividend analysis table August 2008
Illinois Tool Works stock chart August 2008

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