ITW Board of Directors Approves Dividend Rate Increase

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ITW Lumex Switch ITW Board of Directors Approves Dividend Rate Increase Introduction

ITW Electronic Business Asia Co., Ltd. is Taiwan supplier and manufacturer in micro switch Industry, screw Industry. ITW Lumex Switch has been offering our customers high quality Push button switch, micro switch, switch, push pin, rivet, clip, latch, fan fastener, cpu, heat sink retaining component cpu, special screw since 1970. With both advanced technology and 50 years experience, ITW Lumex Switch always make sure to meet each customer's demand.

ITW Board of Directors Approves Dividend Rate Increase

2022/8/5 Illinois Tool Works Inc.

GLENVIEW, Ill., Aug. 05, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.09 per share – or $0.36 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.31 per share for the third quarter of 2022. The dividend equates to $5.24 per share on a full-year basis. The dividend will be paid on October 14, 2022 to shareholders of record as of September 30, 2022.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.5 billion in 2021. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com