---
title: "Illinois Tool Works Authorizes $6 Billion Share Buyback, Raises Dividend 7%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295267489.md"
description: "Illinois Tool Works' board authorized a $6 billion share buyback and raised its annual cash dividend by 7% to $6.88 per share, effective with the fourth-quarter payment of $1.72 on Oct. 9. The company stated these moves reflect business strength and confidence in long-term growth."
datetime: "2026-08-07T18:41:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295267489.md)
  - [en](https://longbridge.com/en/news/295267489.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295267489.md)
generator: "portal-rs"
---

# Illinois Tool Works Authorizes $6 Billion Share Buyback, Raises Dividend 7%

By Kelly Cloonan

Illinois Tool Works's board approved a new $6 billion share-repurchase authorization and a 7% increase to the manufacturing company's dividend. 

The company said Friday the moves reflect the strength of its business and continued confidence in its long-term growth. 

The Glenview, Ill., company raised its annual cash dividend to $6.88 a share, from $6.44, representing an annual yield of about 2.3% based on Thursday's closing price of $294.70. 

The increase will take effect with the company's fourth-quarter dividend of $1.72. The dividend is payable on Oct. 9, to stockholders of record on Sept. 30, the company said. 

Write to Kelly Cloonan at kelly.cloonan@wsj.com 

(END) Dow Jones Newswires

August 07, 2026 14:22 ET (18:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**