ITW Board Approves 6 Percent Dividend Increase; Dividend Boosted to $1.44 Per Share on an Annual Basis

The board of directors of Illinois Tool Works Inc. ITW today declared a regular quarterly cash dividend of 36 cents per share or $1.44 per share on an annual basis. The quarterly increase of 2 cents per share—8 cents per share annually—represents a 6 percent increase over the current dividend rate. The newly-increased dividend will be paid on Wednesday, October 12, 2011 to stockholders of record on Friday, September 30, 2011.