---
title: "Illinois Tool Works Authorizes $6 Bln Buyback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295314005.md"
description: "Illinois Tool Works Inc. (ITW) announced that its Board of Directors authorized a new program to repurchase up to $6 billion of the company's common stock. Additionally, the Board approved a seven percent increase in the regular annual cash dividend, raising it from $6.44 to $6.88 per share."
datetime: "2026-08-09T04:25:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295314005.md)
  - [en](https://longbridge.com/en/news/295314005.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295314005.md)
generator: "portal-rs"
---

# Illinois Tool Works Authorizes $6 Bln Buyback

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Illinois Tool Works Inc. (ITW) announced that its Board of Directors authorized a new program to repurchase up to $6 billion of the company's common stock. 

In addition, the Board approved a seven percent increase in the company's regular annual cash dividend, raising it from $6.44 to $6.88 per share. The increase will take effect with the fourth-quarter dividend of $1.72 per share, payable on October 9, 2026, to shareholders of record as of September 30, 2026.

ITW closed Friday's regular trading at $296.66 up $1.96 or 0.67%. 

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