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NEW YORK (

TheStreet

) -- The ex-dividend date for

Illinois Tool Works

(NYSE:

ITW

) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $83.51 as of 9:50 a.m. ET, the dividend yield is 2%.

The average volume for Illinois Tool Works has been 1.8 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $36.99 billion and is part of the industrial goods sector and industrial industry. Shares are up 37% year to date as of the close of trading on Tuesday.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide.

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TheStreet Ratings rates

Illinois Tool Works

TheStreet Recommends

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Illinois Tool Works Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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