ITW Board of Directors Declares Quarterly Dividend

GLENVIEW, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the fourth quarter of 2023. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on January 11, 2024 to shareholders of record as of December 29, 2023.

About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $15.9 billion in 2022. The company’s 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. ITW’s approximately 46,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com

Media Contact	Investor Relations
Tel: 224.661.7451	Karen Fletcher
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	investorrelations@itw.com