ITW · News · 20260807N
Capital Return Program
ILLINOIS TOOL WORKS INC · 2026-08-07 · Importance 69 · Surprise 50 · In source text
ITW’s board authorized a new $6 billion share-repurchase program on August 7, 2026. The board also approved a 7% increase in the regular annual cash dividend, from $6.44 to $6.88 per share. The increased fourth-quarter dividend is $1.72 per share and is payable October 9, 2026, to shareholders of record on September 30, 2026. The dividend increase represents ITW’s 63rd consecutive annual increase.
Key facts
- Board authorized a new $6 billion share repurchase program. source
- Board approved a 7% increase in the regular annual cash dividend from $6.44 to $6.88 per share. source
- The dividend increase is effective with the fourth-quarter dividend of $1.72, which was declared today. source
- The fourth-quarter dividend of $1.72 is payable on October 9, 2026, to holders of record at the close of business on September 30, 2026. source
- The dividend increase marks ITW's 63rd consecutive annual dividend increase. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Board authorized a new $6 billion share repurchase program. |
| liability | negative | committed | — | The dividend increase is effective with the fourth-quarter dividend of $1.72, which was declared today. |