ITW Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for Illinois Tool Works Inc. (ITW). Pre-filled with ITW’s current yield of about 2.60% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
ITW dividend: yield, amount & dates
Snapshot of Illinois Tool Works Inc. (ITW) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
ITW dividend income calculator
Pre-filled with ITW’s current yield of about 2.60%. See the income an amount of Illinois Tool Works Inc. would pay, or how much you’d need for a target monthly income.
ITW dividend history by year
Per share, grouped by ex-dividend date. ITW raises with the dividend that goes ex at the end of September, so each year has three payments at the old rate and one at the new.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Sep 30, 2026 | $4.94 | — | 3 |
| 2025 | $6.22 | +7.2% | 4 |
| 2024 | $5.80 | +7.0% | 4 |
| 2023 | $5.42 | +7.1% | 4 |
| 2022 | $5.06 | +7.2% | 4 |
| 2021 | $4.72 | +6.8% | 4 |
| 2020 | $4.42 | +6.8% | 4 |
| 2019 | $4.14 | +16.3% | 4 |
| 2018 | $3.56 | +24.5% | 4 |
| 2017 | $2.86 | +19.2% | 4 |
| 2016 | $2.40 | +15.9% | 4 |
| 2015 | $2.07 | +14.4% | 4 |
| 2014 | $1.81 | — | 4 |
Is ITW a Dividend King?
Yes. On August 7, 2026, ITW’s board raised the yearly dividend 7%, from $6.44 to $6.88 a share. CEO Christopher O’Herlihy called it the 63rd yearly raise in a row. A Dividend King needs 50.
The new rate begins with a $1.72 payment on October 9, 2026, to holders of record on September 30. The board also approved a new plan to buy back up to $6 billion of stock.
ITW dividend history
Between 2014 and 2025, ITW’s yearly dividend went from $1.81 a share to $6.22, an average gain near 11.9% per year. The fastest growth came from 2016 to 2019, including jumps of 19.2% in 2017, 24.5% in 2018 and 16.3% in 2019.
Since 2020 the pace has settled near 7% a year. It was 6.8% in 2020 and 7.2% in 2025, with the years between close to that. The first three 2026 payments came to $4.94 per share.
When ITW raises its dividend
In every year since 2019, ITW’s new rate has started with the fourth-quarter dividend, which goes ex at the end of September. The 2026 raise was announced on August 7. So the quarterly rate in 2025 was $1.50 for three payments and $1.61 for the last. In 2026 it was $1.61 three times and then $1.72.
ITW pays about 10 days after each ex-date, in early January, April, July and October.
Is ITW a good stock to buy? Payout and cash
This page does not give advice; here is what ITW reports. For 2026 it expects earnings of $11.35 to $11.55 a share. The new $6.88 yearly dividend is about 60% of the middle of that range.
In the second quarter of 2026 ITW made $631 million of free cash flow. It returned over $1.2 billion to shareholders, with $750 million of that in buybacks. It expects to buy back about $1.5 billion of stock for the full year. Its operating margin was 26.7%.
ITW dividend yield
ITW paid $6.55 a share in dividends over the 12 months to Oct 13, 2026. On a stock price of about $251.92, that is a trailing yield close to 2.60%. Caterpillar yielded about 0.82%.
The first-quarter 2027 dividend had not been declared by October 16, 2026; in 2025 that payment went ex on December 31.
ITW’s payments since 2014 match between dividendhistory.org and digrin.com, and the latest 20 match stockanalysis.com. The raise and the streak come from ITW’s own release. Last checked Oct 16, 2026. Sources: ITW — 7% dividend increase and $6 billion buyback (Aug 7, 2026); SEC — ITW second-quarter 2026 results (Jul 28, 2026); ITW — dividend history; dividendhistory.org — ITW payouts; digrin.com — ITW dividends. Not financial advice.
Related dividend guides
ITW dividend snapshot
Raised over recent paymentsAs of Oct 13, 2026, ITW yields about 2.60%, having distributed $6.55 per share over the trailing twelve months.
Its most recent payment was $1.72 per share, which went ex-dividend on Sep 30, 2026 and paid on Oct 9, 2026.
Over the payments shown, ITW has raised its quarterly dividend from $1.50 to $1.72 per share — an increase of about 15%.
Based on ITW’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About ITW
Illinois Tool Works is a diversified industrial manufacturer producing engineered components and equipment across seven business segments. ITW called its August 2026 raise its 63rd consecutive annual dividend increase.
ITW is a dividend-king stock from Illinois Tool Works that distributes quarterly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for ITW: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.
How to use the ITW calculator
- Replace the pre-filled yield with ITW’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a dividend-king stock these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
ITW dividend FAQ
- How often does ITW pay dividends?
- ITW pays quarterly; the checks arrive in early January, April, July and October.
- How much is ITW’s dividend now?
- $1.72 a share each quarter from October 2026, or $6.88 a year.
- How much did ITW pay in 2025?
- $6.22 a share: three payments of $1.50 and one of $1.61.
- How does this ITW dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with ITW's current yield (about 2.60% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for ITW?
- As of Oct 13, 2026, ITW's dividend yield was about 2.60% ($6.55 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. Enter the trailing or forward yield, whichever you prefer to model.
- How often does ITW pay dividends, and when?
- Illinois Tool Works Inc. pays a quarterly dividend; its most recent payment was $1.72 per share, ex-dividend Sep 30, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the ITW projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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