How Safe Is Illinois Tool Works' Dividend?
It takes specialized equipment for industrial companies to manufacture their products, and Illinois Tool Works (NYSE: ITW) provides much of the equipment its customers need to further their own business interests. With a wide variety of applications ranging from advanced polymers for wind turbines to smarter packaging for consumer-goods and innovative automotive components, Illinois Tool Works plays an important role in many different industries. The company also has a strong history of treating its shareholders well by paying rising dividends, and dividend investors looking at the stock for the first time want to know if that performance can continue.
Let's take a closer look at Illinois Tool Works to see whether investors can be confident in its ability to keep its dividend moving higher.
Current Quarterly Dividend Per Share
Source: Fool.com
Illinois Tool Works Stock
Currently there is a rather negative sentiment for Illinois Tool Works with 5 Buy predictions and 9 Sell predictions..
With a target price of 233 € there is a slightly negative potential of -4.27% for Illinois Tool Works compared to the current price of 243.4 €.
