Illinois Tool Works raises dividend for 45th consecutive year

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Dividend Aristocrat Illinois Tool Works will raise its dividend by 18.2%.

The quarterly dividend will be raised to $0.65 per share, marking 45 consecutive years of dividend hikes by the industrial company.

Currently Illinois Tool Works (ITW) has an indicated dividend yield of 2.2%.

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Pentair (PNR) , a global water solutions company, has announced an 8.7% increase to its quarterly dividend, raising it to $0.25 per share. At the current stock price of $105.49, this results in a dividend yield of 0.85%. The company’s annual dividend payout now rises to $165 million.
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