Is Illinois Tool Works a Great Dividend Stock? [The Motley Fool]
Illinois Tool Works Inc. (ITW)
Last illinois tool works inc. earnings: 1/31 08:00 am
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Source: The Motley Fool
Is Illinois Tool Works a Great Dividend Stock? The diversified industrial giant Illinois Tool Works ( NYSE:ITW Dividend yields and payout ratios The first metrics to look at are its current yield and its payout ratio (dividend per share divided by earnings per share). Obviously, dividend investors Image source: Getty Images As you can see in the chart below, the company's dividend yield is now around .% and its payout ratio is around % -- a figure that's on the high end of its historical range. Moreover, note that the payout ratio has tended to spike during recessionary periods -- a natural result, as industrial companies' earnings tend to collapse during serious economic downturns. ITW Dividend Yield (TTM) YCharts Perhaps a better metric to focus on would be the ratio of the dividend to the free cash flow per share. This is useful because industrial companies can take actions during slowdowns to improve their free cash flow such as adjusting capital expenditures or reducing inventory
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ITW
News
- 3M Cut Its Dividend: It's Time to Buy the Stock [Yahoo! Finance]Yahoo! Finance
- ITW Board of Directors Declares Quarterly DividendGlobeNewswire
- Global Microwave Oven Market Forecasted to Reach US$ 15.52 Billion by 2032, Driven by Increasing Consumer Penchant for Convenience and Efficiency [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works Inc. Just Beat EPS By 16%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works Inc. (NYSE: ITW) had its price target lowered by analysts at Barclays PLC from $230.00 to $229.00. They now have an "underweight" rating on the stock.MarketBeat
ITW
Earnings
- 4/30/24 - Beat
ITW
Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/25/24 - Form DEFA14A
- ITW's page on the SEC website