5 Best March Dividend Stocks To Buy

2. Illinois Tool Works Inc. (NYSE:ITW)

Ex-Dividend Date: March 30
Dividend Yield as of February 17: 2.21%

Illinois Tool Works Inc. (NYSE:ITW) is an Illinois-based manufacturing company that deals in a wide range of specialty products. Following the company’s Q4 earnings, UBS raised its price target on the stock to $245 in February and maintained a Neutral rating on the shares.

Illinois Tool Works Inc. (NYSE:ITW) will trade ex-dividend on March 30. The company announced a quarterly dividend of $1.31 per share on February 10. It holds a 50-year streak of consistent dividend growth, which places it as one of the best dividend stocks on our list. As of February 17, the stock’s dividend yield came in at 2.21%.

At the end of September, 27 hedge funds tracked by Insider Monkey reported owning stakes in Illinois Tool Works Inc. (NYSE:ITW), worth roughly $630 million. Fisher Asset Management was the company’s leading stakeholder in Q3.

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