"Beat Inflation with Dividend Stocks"

This is a news story, published by Yahoo Finance, that relates primarily to Illinois Tool Works news.

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attractive dividend stocks

The Motley Fool

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3 Dividend Stocks to Double Up on Right Now

Summary

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81% Informative

The ideal dividend stock should be a business with a strong competitive edge that possesses a long track record of increasing dividends.

Such dividend stock candidates should sit well within your portfolio to supply you with the dividends you need to not only beat inflation but also provide you with some extra spending money for the nicer things in life.

Here are three attractive dividend stocks that you can consider adding to your income portfolio.

Illinois Tool Works (NYSE: ITW ) is an industrial manufacturing company that produces products for seven verticals, including automotive, construction, and food equipment.

The company has a target to grow organically by 4% to 7% from 2023 to 2030 .

By 2030 , the company hopes to deliver between 11% to 13% per annum total shareholder return.

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