Illinois Tool Works board increases quarterly dividend by 15% to 48.5c The Board of Directors of Illinois Tool Works declared a dividend on the company's common stock of 48.5c per share for Q3, a 15% increase over the quarterly dividend paid in 2013. The dividend equates to $1.94 per share on a full-year basis. The dividend will be paid on October 7 to shareholders of record as of September 30.
Illinois Tool Works backs FY15 EPS view of $5.15-$5.35, consensus $5.25 Organic revenue growth for the year is expected to be 2.5%-3.5%. Total revenue for the year is projected to decline 1%-2% due to the impact of foreign currency translation.