ITW Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
Mon, Dec 24, 9:56 AM ET, by ETF Channel
Illinois Tool Works, Inc. (ITW) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.5% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Illinois Tool Works, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.55% of the SPDR S&P Dividend ETF (SDY), which holds $144,229,615 worth of ITW shares.
Illinois Tool Works, Inc. (ITW) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Illinois Tool Works, Inc. is $1.52/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/14/2012. Below is a long-term dividend history chart for ITW, which the report stressed as being of key importance.
ITW operates in the Industrial Machinery & Equipment sector, among companies like Danaher Corp. (DHR), and Ingersoll-Rand Plc (IR).
Read the original article at ETF Channel: ITW Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
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