ITW - This Beaten-Down Dividend Aristocrat's Yield Nearly 50% Above Its 5-Year Average
Illinois Tool Works (ITW) is a company that I wrote about buying back in August. I initiated exposure to this dividend aristocrat after it announced a surprising 28.2% dividend increase. For months I'd been watching ITW as it fell from prior highs as the globalized industrial names sold off due to Chinese exposure and trade war fears. I'd stated several times that I had a $130 price target on ITW, but when the company announced the large dividend increase, its yield hit my target threshold and I decided to go ahead and