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ITW Board Approves 10 Percent Dividend Increase; Dividend Boosted to $1.36 Per Share on an Annual Basis

06 Aug, 2010 @ 12:19 pm EDT
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GLENVIEW, Ill., Aug. 6 /PRNewswire-FirstCall/ -- The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of 34 cents per share or $1.36 per share on an annual basis. As a result of the Company's strong free operating cash flow, the quarterly increase of 3 cents per share--12 cents per share annually--represents a 10 percent increase over the current dividend rate.

The newly-increased dividend will be paid on Wednesday, October 13, 2010 to stockholders of record on Thursday, September 30, 2010.

With $13.9 billion in 2009 revenues, ITW is a multi-national manufacturer of a diversified range of value-adding and short-lead time industrial products and equipment. The Company consists of nearly 800 business units in 57 countries and employs approximately 59,000 people.

SOURCE Illinois Tool Works Inc.

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