July 24, 2018

This “Boring” Company Has Raised Its Dividend for 52 Consecutive Years


If You Want to Collect Rising Dividends, Read This



Most people have never heard of Illinois Tool Works Inc. (NYSE:ITW), but the company offers one of the safest growing income streams.

Illinois Tool Works is a multi-industrial manufacturer. Headquartered in Glenview, Illinois, the company has been around for over a century.

Today, ITW operates through seven business segments: “Automotive OEM,” “Test & Measurement Electronics,” “Food Equipment,” “Polymers & Fluids, Welding,” “Construction Products,” and “Specialty Products.”

As a manufacturer of industrial products and equipment, Illinois Tool Works does not make headlines very often. What it does, though, is raise its dividends like clockwork.




Consider this: Illinois Tool Works has increased its payout to shareholders in each of the last 52 years. That makes ITW stock a “dividend king,” which is a title only awarded to companies with at least five decades of consecutive annual dividend hikes. To put it in perspective, there are thousands of companies trading on U.S. stock exchanges. Among them, only 25 are known as dividend kings.




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