Don't Be Fooled by the Dip -- This Dividend King Is a Buy in August

ITW's track record for returning capital to shareholders makes up for its lackluster sales growth. Dividend Kings are an elite category of companies that have paid and raised their dividends for at least 50 years. It's an honorable title. But not all Dividend Kings have what it takes to pay and raise their dividends for the next 50 years. Illinois Tool Works (ITW -0.63%) stands out as one the highest-quality Dividend Kings. It's the elite of the elite when it comes to growing payouts to investors. But its s ...