ITW - My Top Under-Appreciated Dividend King to Buy in October
2023-10-08 05:57:00 ET
When scanning the list of companies that have paid and raised their dividends for over 50 consecutive years -- colloquially called Dividend Kings -- investors often focus on recognizable names and high yields. Companies like Coca-Cola , Procter & Gamble , and Johnson & Johnson are considered safe and reliable brands by many.
A Dividend King you may never heard of is Illinois Tool Works (NYSE: ITW) . Commonly known as ITW, the industrial conglomerate has dozens of brands across seven key segments: automotive, food equipment, test & measurement and electronics, welding, polymers & fluids, construction products, and specialty products.
Here's why ITW is an underappreciated Dividend King worth buying in October.
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My Top Under-Appreciated Dividend King to Buy in October