Illinois Tool Works: A Dividend King Worth Buying

Summary

  • In this article, we discuss one of the few dividend kings with more than 50 consecutive years of dividend hikes.
  • Despite its age and status, Illinois Tool Works has an impressive dividend scorecard thanks to a good yield, high dividend growth, and satisfying dividend safety.
  • The company is seeing rebounding growth thanks to fading supply chain issues and industry tailwinds. However, dark economic clouds are emerging, causing me to believe that buying on weakness is warranted.
Schachbrett mit einem Schachstück auf der Rückseite Verhandlung in der Wirtschaft. als Hintergrund-Geschäfts- und Strategiekonzept mit Kopierraum.

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Introduction

I haven't discussed Illinois Tool Works (NYSE:ITW) since August of last year, which means it's time to dive into this dividend gem. In this article, we'll discuss several things. We'll start by diving into the company's ability to deliver consistent shareholder value through

This article was written by

43.53K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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