ITW - Illinois Tool Works Has Long-Term Dividend Growth But I'm Waiting To Buy
An Undervalued Dividend King
Illinois Tool Works (ITW) is appealing to many investors since it has a long history of consistent dividend increases dating back 54 years except for a period of government controls in 1971 and on that basis can be considered a Dividend King. There clearly exists a bullish case for buying the stock at the current price. The company’s stock price peaked in late January 2018 at $178.88 and since then it has declined ~29% to $127.03 this past Friday on October 19th, putting it squarely in correction