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The American conglomerate Illinois Tool Works Inc. (ISIN: US4523081093, NYSE: ITW) will pay a quarterly dividend of US $ 1.14 this Thursday. Record day was December 31, 2020. This means that the group will pay out USD 4.56 to investors for the year.
The current dividend yield of the company, which specializes in machine tool construction, is 2.2 percent at the current share price of 207.23 US dollars (as of January 13, 2021). Illinois Tool Works is one of the Dividend Aristocrats. These are companies that have raised their dividends every year for at least 25 years.
The company was founded in 1912 by Byron L. Smith as a manufacturer of metal cutting tools. Today the group has around 45,000 employees worldwide. The company’s headquarters are in Glenview near Chicago in the US state of Illinois. Revenue for the third quarter (September 30) of fiscal 2020 was $ 3.3 billion (Q2 2013: $ 3.5 billion), as reported on October 23.
Since the beginning of the year, the stock on Wall Street is up 1.64 percent and the current market capitalization is 65.4 billion US dollars (as of January 13, 2021).
Saskia Haaker, Redaktion MyDividends.de