Illinois Tool Works raises quarterly cash dividend by 7 cents to $1.14 a share

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Illinois Tool Works Inc. said Friday its board has approved a 7 cents increase in its quarterly cash dividend, boosting it to $1.14 a share. The new dividend will be payable Oct. 14 to shareholders of record as of Sept. 30. Shares were slightly higher and have gained 5% in the year to date, while the S&P 500 has gained 3.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.