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Illinois Tool Works (ITW) declares $0.38/share quarterly dividend, in line with previous....

Illinois Tool Works (ITW) declares $0.38/share quarterly dividend, in line with previous. Forward yield 2.31%. For shareholders of record June 28. Payable July 09. Ex-div date June 26. (PR)
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Comments (3)
  • Guitar Man
    , contributor
    Comments (228) | Send Message
     
    To David Fish (or any other DGI's):

     

    This appears to be the fifth straight quarter in which ITW has declared the same dividend. I could be mistaken, but if this is the case, have they broken - or are they in jeopardy of breaking - their 25+-year-old streak of dividend increases?
    3 May 2013, 08:13 PM Reply Like
  • Winning Formula
    , contributor
    Comments (1200) | Send Message
     
    Guitar, Companies can go seven quarters without a dividend increase and keep their annual increase record. Year 1 (.10,.10,.10, .10= .40) Year 2 (.10, .10, .10, .11 = .41) would qualify as an increase in both years. Year 3 (.11, .11, .11, .11) = .44 Year 4 (.11, .11, .11, .12) =.45 . One increase every other year keeps the streak alive.

     

    Here is a link where you can see this happen in 2008-2009 at ITW. Based on this site, this is their third quarter without a dividend increase. http://bit.ly/139HQwC
    3 May 2013, 08:28 PM Reply Like
  • Guitar Man
    , contributor
    Comments (228) | Send Message
     
    DD -

     

    Very helpful. Appreciate the quick response! Thanks....
    3 May 2013, 10:17 PM Reply Like
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