Illinois Tool Works (ITW) said Friday it raised its quarterly dividend to $1.72 per share from $1.61, payable Oct. 9 to stockholders of record Sept. 30.
The company said its board also approved a new authorization to repurchase up to $6 billion of its common stock under a capital allocation strategy, according to a statement.
Price: 296.98, Change: +2.28, Percent Change: +0.77
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