ITW - How Safe Is Illinois Tool Works' Dividend?
Illinois Tool Works (ITW) currently trades with one of the highest dividend yields among the Dividend Aristocrats Index.
This has led some investors to question the safety of the firm's dividend payment.
In this article, we examine the company's dividend safety by looking at earnings, free cash flow, recession performance, and debt. If you prefer learning through videos, you can watch a video analysis on the topic below:
Business Overview
To begin, let’s talk about Illinois Tool Works’ business model. Illinois Tool Works is a diversified industrial manufacturer with a market capitalization