ITW declares 38 cent quarterly dividend

The board of directors of Glenview-based Illinois Tool Works Inc. declared a regular quarterly cash dividend of 38 cents per share, paid on July 9 to stockholders of record as of June 28.

The company added that 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.