# How Many Illinois Tool Works (ITW) Shares for $1,000 a Month in Dividends?

Source: https://www.equity-rank.com/dividend-income/ITW

At Illinois Tool Works's current dividend of $6.44 a share a year, paid quarterly, it takes 1,864 shares to receive about $1,000 a month before tax. At the price of $281.40 on 2026-10-29 those shares cost about $524,530. Dividends can be raised, cut or stopped, so this is arithmetic at today's rate, not a forecast.

Worked out at today’s share price and the current dividend rate, before tax. Companies can raise, cut or stop their dividends at any time, and the share price can fall as well as rise. This is arithmetic, not a forecast or a suggestion to own any stock.

## Shares needed by monthly amount

| Monthly income | Yearly income | Shares needed | Cost at today's price |
| --- | --- | --- | --- |
| $100 | $1,200 | 187 | $52,622 |
| $500 | $6,000 | 932 | $262,265 |
| $1,000 | $12,000 | 1,864 | $524,530 |
| $2,000 | $24,000 | 3,727 | $1,048,778 |
| $5,000 | $60,000 | 9,317 | $2,621,804 |

## ITW dividend facts

- **Current dividend a year:** $6.44 a share
- **Yield at today's price:** 2.29%
- **Paid:** Quarterly
- **Growth in dividends paid, last 5 years:** +7.1% a year
- **Model fair value:** $242.92 (gap -13.7%; a model estimate, not a forecast)

## Recent regular dividends

| Ex-dividend date | Per share |
| --- | --- |
| 2026-09-30 | $1.7200 |
| 2026-06-30 | $1.6100 |
| 2026-03-31 | $1.6100 |
| 2025-12-31 | $1.6100 |
| 2025-09-30 | $1.6100 |
| 2025-06-30 | $1.5000 |
| 2025-03-31 | $1.5000 |
| 2024-12-31 | $1.5000 |
| 2024-09-30 | $1.5000 |
| 2024-06-28 | $1.4000 |
| 2024-03-27 | $1.4000 |
| 2023-12-28 | $1.4000 |

Adjusted for share splits. Special one-off dividends are left out.

## Questions and answers

### How many Illinois Tool Works shares do you need for $1,000 a month in dividends?

At Illinois Tool Works's current dividend of $6.44 a share a year, paid quarterly, it takes 1,864 shares to receive about $1,000 a month before tax. At the price of $281.40 on 2026-10-29 those shares cost about $524,530. Dividends can be raised, cut or stopped, so this is arithmetic at today's rate, not a forecast.

### How often does Illinois Tool Works pay a dividend?

Quarterly. The most recent regular payment was $1.72 a share, with an ex-dividend date of 2026-09-30.

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Fair value is a model estimate under stated assumptions — not a price target, not a prediction, and not a recommendation. This page is research information, not investment advice. Equity Rank is not a registered investment adviser.