ITT Industries Declares $0.15 Per Share Second Quarter Dividend

29.05.2002

Tarrytown, New York, May 7, 2002- ITT Industries, Inc.’s (NYSE: ITT) Board of Directors today declared a $0.15 per share dividend for the second quarter of 2002.

The dividend is payable on July 1, 2002 to shareholders of record on May 24, 2002.

ITT Industries, Inc. (www.itt.com) supplies advanced technology products and services in key markets including: electronic interconnects and switches; defense communication, opto-electronics, information technology and services; fluid and water management and other specialty products. Headquartered in White Plains, NY, the company generated $4.7 billion in 2001 sales.

In addition to the New York Stock Exchange, ITT Industries’ stock is traded on the Midwest, Pacific, London, Frankfurt and Paris exchanges.

Source: ITT Inc.

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