Illinois Tool Works (ITW) announced a 10.7% increase in the company's 4th quarter dividend. The new quarterly dividend increases to 31 cents per share versus 28 cents per share in the same quarter last year.
- The company's historical 5-year average dividend growth rate is approximately 17%.
- The projected payout ratio is 34% based on December 2008 estimated earnings of $3.70.
- The 5-year average payout ratio is 27%.
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