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 2.43% (as of Jul 10, 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 Jul 10, 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 2.43%. 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 snapshot
Raised over recent paymentsAs of Jul 10, 2026, ITW yields about 2.43%, having distributed $6.44 per share over the trailing twelve months.
Its most recent payment was $1.61 per share, which went ex-dividend on Jun 30, 2026 and paid on Jul 10, 2026.
Over the payments shown, ITW has raised its quarterly dividend from $1.50 to $1.61 per share — an increase of about 7%.
Based on ITW’s published payment record as of Jul 10, 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. It is a Dividend King with more than 50 consecutive years of dividend increases.
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 calculator FAQ
- 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 2.43% as of Jul 10, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for ITW?
- As of Jul 10, 2026, ITW's dividend yield was about 2.43% ($6.44 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 $1.61 per share, ex-dividend Jun 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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