Illinois Tool Works Inc. (NYSE: ITW) has declared the quarterly dividend for its shareholders. Illinois Tool Works Inc.'s Board stated that for the first four months of 2021 the dividend on its common stock will be $1.14 per share. The dividend equals a year-round dividend of $4.56 per share.

The firm has disclosed that the dividend shall be paid to registered shareholders on Wednesday, April 14, 2021, as of 31 March 2021. Illinois has gained recognition as the leader in industrial products and equipment. The firm has recorded total revenue of $12.6 billion in 2020.

Illinois Tool Works Inc. (NYSE: ITW) shares were trading down 1.46% as it lost -2.94 at the time of writing on Friday. Illinois Tool Works' share price went from a low point around $115.94 to briefly over $224.69 in the past 52 weeks, though shares have since pulled back to $198.00.

Illinois Tool shares went up 70.44% from its 52-week low and -12.05% during its past 52-weeks of high. It has a Gross Margin of 41.10%, and Operating Margin of 23.10%, and a Profit Margin of 17.40%. Illinois Tool Works’ current ratio and quick ratio is 2.40 and 1.90, respectively. ITW's market cap has remained high, hitting $61.99 billion at the time of writing.

The seven industry-leading divisions of the organization harness the unique ITW Business Model to drive strong growth in markets where new sophisticated, customer-centered solutions are essential, with perfect margins and returns. In the decentralized and creative community of the business, ITW's nearly 43,000 devoted colleagues around the world flourish.