Illinois Tool Works ( ITW 0.64% ) -- often referred to simply as ITW -- is an industrial conglomerate and Dividend King that has boosted its payout for 61 consecutive years. However, ITW's stock price and earnings have stagnated as the company faces a challenging operating environment.

Despite these conditions, ITW continues to chart a path toward long-term growth and set clear shareholder expectations.

Here's why ITW stands out as a top Dividend King to buy in June.

ITW sets goals that reward shareholders

A good management team will set clear standards that investors can use to determine if the company is executing on its goals. A blend of short-term, medium-term, and long-term targets can help build an investment thesis and determine if those targets are good enough to buy

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