Top Dividend King Down 12% and Worth Loading Up On Now

2026-07-09 20:25:00 ET

Need a new dividend stock you know you can count on? The usual suspects like Coca-Cola and Procter & Gamble remain solid options. You may have better luck, however, with a dividend stock that has an equally strong track record that's a bit off the beaten path. That's Dividend King Illinois Tool Works (NYSE: ITW) .

Contrary to a common assumption, Illinois Tool Works doesn't manufacture typical hand tools like hammers and drills. Rather, automobile parts, commercial-grade cooking, industrial testing equipment, plastic packaging, construction fasteners, and welding supplies are all in its product portfolio. It makes very little under the company's brand name, though. Illinois Tool Works is a true conglomerate of several different businesses that not only operate independently of one another, but each of which operates under its own moniker.

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