Illinois Tool Works: A Beacon of Social Responsibility
Illinois Tool Works, Inc. (Symbol: ITW) recently earned the distinguished title of a Top Socially Responsible Dividend Stock from Dividend Channel. This recognition highlights the company’s exceptional “DividendRank” statistics, boasting a robust 2.1% yield. Furthermore, leading asset managers have acknowledged ITW as a socially responsible investment, commending its adherence to stringent social and environmental criteria.
Delving into Environmental and Social Criteria
Environmental considerations form a pivotal aspect of the assessment, scrutinizing factors such as the ecological footprint of ITW’s offerings and its conscientious utilization of energy and resources. On the social front, in-depth analyses encompass a spectrum of issues ranging from human rights and child labor to corporate diversity and societal impact. Noteworthy evaluations also examine the company’s involvement in sectors like weaponry, gambling, tobacco, and alcohol.
ITW in the Investment Landscape
According to the ETF Finder at ETF Channel, Illinois Tool Works, Inc. is a key constituent of the iShares USA ESG Select ETF (SUSA), representing 0.33% of the fund’s total holdings. The fund, valued at $14,427,307, holds a substantial stake in ITW shares, underscoring the company’s significance in socially responsible investment portfolios.
Unveiling Dividend Dynamics
ITW currently offers an annualized dividend of $5.6 per share, disbursed in quarterly segments. The most recent dividend ex-date occurred on 03/27/2024. As per the DividendRank report, analyzing the historical dividend trajectory plays a crucial role in predicting the sustainability of the latest dividend declaration.
Within the Industrial Machinery & Equipment sector, ITW operates alongside industry stalwarts such as Lam Research Corp (LRCX) and Deere & Co. (DE), cementing its presence in a competitive landscape.
Also see:
SPWR market cap history
Funds Holding AAU
IESC market cap history
The perspectives conveyed in this article represent the author’s views and not necessarily those of Nasdaq, Inc.
