GlobeNewswire Inc | Oct 30, 2020 12:16PM EDT

October 30, 2020

GLENVIEW, Ill., Oct. 30, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the companys common stock of $1.14 per share for the fourth quarter of 2020. The dividend equates to $4.56 per share on a full-year basis. The dividend will be paid on Thursday, January 14, 2021, to shareholders of record as of December 31, 2020.

About Illinois Tool WorksITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.1 billion in 2019. The companys seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITWs approximately 45,000 dedicated colleagues around the world thrive in the companys decentralized and entrepreneurial culture. www.itw.com

Media Contact Investor RelationsIllinois Tool Works Illinois Tool WorksTrisha Knych Karen FletcherTel: 224.661.7566 Tel: 224.661.7433mediarelations@itw.com investorrelations@itw.com