Illinois Tool Works Inc.

ITW
IndustrialsDividend King
$293.15
2.20%Overvalued

Illinois Tool Works Inc. (ITW) is a Industrials company that currently yields 2.20% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $217.94 and the overvaluation threshold at $296.27. Illinois Tool Works Inc. holds a quality score of 57/100 (Average), reflecting 56 consecutive years of dividend growth with a 58% payout ratio. The 5-year dividend CAGR stands at 7.1%.

ITW Dividend Yield History — Weiss Valuation

Underval. $217.94Overval. $296.27

Distance to undervalued

Entry price is stretched

Needs 25.7% downside to reach the Weiss buy zone

Undervaluation starts near $217.94, where the annual dividend would imply roughly 2.95% yield. That is 0.76% above today's yield.

Buy-zone price

$217.94

Target yield

2.95%

Research checklist

What to clear before buying the yield

Updated Aug 12, 2026

Dividend durability

56Y

Long dividend history supports a deeper look.

Earnings payout

58%

Earnings coverage leaves room for noise.

Cash payout

81%

Free cash flow coverage supports the payment.

Dividend growth

7.1%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-08-112026-08-12

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Illinois Tool Works Inc. is trading near its historical overvaluation band.

Current yield 2.2% vs historical max 3.3% (67% of maximum).

14 consecutive years without a dividend cut.

Conservative payout ratio of 58%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 57/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

ITW Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$235

Year 10 Income

$576

Yield on Cost

6.01%

Total Income

$3,788

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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Dividend income log · Yield on cost · DRIP cost basis · Tax reports

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Fundamentals, valuation & analyst ratings

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Moat rating & analyst fair value

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ITW Dividend Quality Score

Quality Score

57/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History5/15
FCF Coverage5/15

Key Metrics

Current Price$293.15
Annual Dividend$6.44
Current Yield2.20%
Yield — Max (10Y)3.27%
Yield — Min (10Y)2.20%
Undervalued Below$217.94
Overvalued Above$296.27
Payout Ratio58.33%
CAGR Dividend 5Y7.1%
CAGR Dividend 10Y11.6%
Years No Cut14y

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56
consecutive years of dividend growth