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The American conglomerate Illinois Tool Works Inc. (ISIN: US4523081093, NYSE: ITW) is paying a quarterly dividend of $ 1.07 per share to its shareholders for the second quarter of 2020 on Wednesday. Record day was June 30, 2020. Projected for the year, $ 4.28 will be distributed.
Illinois Tool Works is a dividend aristocrat. These are companies that have been increasing their dividends every year for at least 25 years. The dividend yield of the company, which focuses on machine tool construction, is 2.39 percent at the current market price of $ 179.43 (as of July 14, 2020).
The company was founded by Byron L. Smith in 1912 as a manufacturer of metal cutting tools. Today the group employs around 45,000 people worldwide. The company’s headquarters are in Glenview near Chicago in the US state of Illinois. In the first quarter of fiscal 2020, operating sales were $ 3.23 billion (previous year: $ 3.55 billion), as reported on May 5. Net income was $ 566 million (previous year: $ 597 million).
Since the beginning of 2020, the share on Wall Street has been down 0.11 percent on the current price basis. Market capitalization is currently $ 56.7 billion (as of July 14, 2020).
Saskia Haaker, Redaktion MyDividends.de
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