Casino gaming specialist International Game Technology announced this morning its second-quarter dividend of $0.09 per share, a 13% increase from the payout it made last quarter and a 50% hike over the one made a year ago.
The board of directors said the quarterly dividend is payable on July 5 to the holders of record at the close of business on June 20. IGT says the payout marks the 41st consecutive quarter it has paid a dividend, which it says is the longest, current streak in the gaming industry.
IGT CEO Patti Hart said: "We are pleased to announce another significant increase in our quarterly cash dividend. This is a clear signal that our strategy is driving strong financial performance and that we are committed to returning capital to shareholders in an effective and judicious matter."
The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 2.1% based on the closing price of International Game Technology's stock on June 3.
The article International Game Technology Raises Dividend originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.