February 16, 2010 (FinancialWire) — – The board of directors of Illinois Tool Works Inc. (NYSE: ITW) have declared a regular quarterly cash dividend of $0.31 cents per share or $1.24 cents per share on an annual basis.

The dividend will be paid on April 13, 2010 to stockholders of record Wednesday, March 31, 2010.

Illinois-based Illinois Tool Works is a multinational manufacturer of a range of short lead-time industrial products and equipment.

The company consists of 840 business units in 57 countries and employs around 59,000 people.

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