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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Illinois Tool Works Inc. (NYSE:ITW) is included among the 12 Reliable Dividend Stocks for Maximum Income.
Illinois Tool Works Inc. (NYSE:ITW) is a major force in the global industrial manufacturing sector, with operations spread across seven business segments that include automotive components, food service equipment, and other specialized products. The company focuses on product areas that offer above-average growth potential within their markets and continuously refines its business model to stay competitive. It also pursues steady expansion through bolt-on acquisitions that strengthen its market presence.
One of Illinois Tool Works Inc. (NYSE:ITW)’s greatest strengths lies in its competitive edge. The company enjoys a wide economic moat, supported by an extensive intellectual property portfolio of more than 17,000 granted and pending patents, which helps it maintain a strong position against competitors.
In addition, Illinois Tool Works Inc. (NYSE:ITW)’s decentralized and entrepreneurial structure allows its individual business units to operate with significant independence, tailoring their strategies to meet customer needs more effectively. Alongside its operational strengths, the company also maintains a consistent and reliable dividend record, reflecting its financial stability and long-term focus. It is a Dividend King with 53 consecutive years of dividend growth under its belt, which makes it one of the best dividend stocks to invest in. Currently, it offers a quarterly dividend of $1.61 per share and has a dividend yield of 2.63%, as of October 13.
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While we acknowledge the potential of ITW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and Top 15 Dividend Growth Stocks for Long-Term Investors.
Disclosure: None.
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