Illinois Tool Works Inc. Named Top 25 ‘SAFE’ Dividend Stock (ITW)

Illinois Tool Works Inc. (ITW) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 2.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, Illinois Tool Works is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.97% of the SPDR S&P Dividend ETF (SDY), which holds $128,760,732 worth of ITW shares.

Illinois Tool Works made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

 The annualized dividend paid by Illinois Tool Works is $2.20 per share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/29/2016.

Below is a long-term dividend history chart for ITW, which the report stressed as being of key importance.


ITW operates in the Industrial Machinery & Equipment sector, among companies like Danaher Corp. (DHR), and Deere & Co. (DE).

More From InvestorPlace

Article printed from InvestorPlace Media,

©2023 InvestorPlace Media, LLC