International Game Technology PLC (NYSE:IGT) Plans $0.20 Quarterly Dividend

International Game Technology PLC (NYSE:IGT) declared a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.20 per share on Thursday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, August 14th.

International Game Technology has increased its dividend payment by an average of 8.9% annually over the last three years. International Game Technology has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect International Game Technology to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 46.2%.

Shares of IGT stock opened at $13.19 on Tuesday. The business has a 50 day moving average of $13.33. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.74 and a current ratio of 0.83. International Game Technology has a one year low of $12.11 and a one year high of $21.94. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.05 and a beta of 1.28.

International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.31 by $0.13. International Game Technology had a negative net margin of 0.72% and a positive return on equity of 8.51%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that International Game Technology will post 1.26 EPS for the current fiscal year.

Separately, ValuEngine upgraded shares of International Game Technology from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. International Game Technology presently has an average rating of “Buy” and a consensus price target of $23.64.

International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

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Dividend History for International Game Technology (NYSE:IGT)

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