GLENVIEW, Ill. , Feb. 15, 2013 /PRNewswire/ -- The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of $0.38 cents per share. This equates to $1.52 per share on an annualized basis after taking into account the acceleration of the payment of the January 2013 dividend into December 2012. The dividend will be paid on April 9, 2013 to stockholders of record as of March 28, 2013.
ITW is a Fortune 150 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on solid growth and strong returns across its worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's pro forma revenues totaled $17.0 billion in 2012, with more than half of these revenues generated outside of the United States.SOURCE Illinois Tool Works Inc.