This Dividend King Continues to Deliver on Promises to Investors. Here's Why It's a Buy Now.
Dividend Kings, or companies that have raised their payouts for at least 50 consecutive years, provide a great starting point for investors looking for reliable passive income sources. But some Dividend Kings don't consistently raise their dividends by a meaningful amount, or they have fractures in their business model that could jeopardize future raises.With 61 consecutive years of boosting its quarterly payout and a dividend that has more than tripled in the last 10 years, Illinois Tool Works (NYSE: ITW) -- commonly known as ITW -- has evolved into a passive income powerhouse. Earlier this month, ITW reported full-year 2024 results and provided guidance for 2025.Here are some challenges affecting the business, what investors can expect from ITW over the long term, and why ITW is an excellent dividend stock to buy now.Continue reading
Dividend Kings, or companies that have raised their payouts for at least 50 consecutive years, provide a great starting point for investors looking for reliable passive income sources. But some Dividend Kings don't consistently raise their dividends by a meaningful amount, or they have fractures in their business model that could jeopardize future raises.
With 61 consecutive years of boosting its quarterly payout and a dividend that has more than tripled in the last 10 years, Illinois Tool Works (NYSE: ITW) -- commonly known as ITW -- has evolved into a passive income powerhouse. Earlier this month, ITW reported full-year 2024 results and provided guidance for 2025.
Here are some challenges affecting the business, what investors can expect from ITW over the long term, and why ITW is an excellent dividend stock to buy now.
