Int'l Game Technology Hikes Dividend
International Game Technology investors are about to pocket a little extra in prize money. The company has declared a quarterly common stock dividend of $0.10 per share, to be dispensed on October 4 to shareholders of record as of September 19. That amount is $0.01, or 11%, higher than the firm's previous distribution of $0.09 paid early last month. Prior to that, International Game Technology handed out $0.08 per share.
In the press release trumpeting the news, the company pointed out that this marks the 42nd consecutive quarter it has handed out a distribution, a record for the gaming sector.
The new dividend annualizes to $0.40 per share. That yields 2.1% at International Game Technology's current stock price of $19.24.
The article Int'l Game Technology Hikes Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in International Game Technology. Nor does The Motley Fool. 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.
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