Why Income Investors View Illinois Tool Works (ITW) as a Value Dividend Stock

Group 1 - Illinois Tool Works Inc. (ITW) is recognized as one of the 11 Best Value Dividend Stocks to buy currently [1] - The company operates in the global industrial manufacturing sector across seven segments, including automotive components and food service equipment, utilizing an "80/20 Front-to-Back" strategy to focus on profitable customers and products [2] - ITW has prioritized efficiency, customer-driven innovation, and disciplined portfolio management, divesting non-core units to enhance focus and allowing divisions to tailor solutions to customer needs [3] Group 2 - On August 4, ITW announced a 7.3% increase in its quarterly dividend to $1.61 per share, extending its dividend growth streak to 53 years, which positions it as a strong value stock with dividends [4] - As of September 26, ITW's stock has a dividend yield of 2.47% [4]