When scanning the list of companies that have paid and raised their dividends for over 50 consecutive years -- colloquially called Dividend Kings -- investors often focus on recognizable names and high yields. Companies like Coca-Cola, Procter Gamble, and Johnson Johnson are considered safe and reliable brands by many.

A Dividend King you may never heard of is Illinois Tool Works (NYSE: ITW). Commonly known as ITW, the industrial conglomerate has dozens of brands across seven key segments: automotive, food equipment, test measurement and electronics, welding, polymers fluids, construction products, and specialty products.

Here's why ITW is an underappreciated Dividend King worth buying in October.

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Source Fool.com