International Game Technology (IGT) Plans Quarterly Dividend of $0.09

International Game Technology (NYSE:IGT) announced a quarterly dividend on Tuesday, June 4th, AnalystRatingsNetwork reports. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.09 per share on Friday, July 5th. This represents a $0.36 annualized dividend and a dividend yield of 2.06%.

A number of research firms have also recently commented on IGT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of International Game Technology in a research note to investors on Monday. They now have a $20.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Monday, May 13th. They now have a $19.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of International Game Technology from $15.00 to $17.00 in a research note to investors on Friday, April 26th. They now have a “neutral” rating on the stock.

One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. International Game Technology currently has an average rating of “Hold” and a consensus target price of $18.08.

Shares of International Game Technology (NYSE: IGT) traded up 0.06% during mid-day trading on Tuesday, hitting $17.47. International Game Technology has a one year low of $10.92 and a one year high of $18.81. The stock’s 50-day moving average is currently $17.43. The company has a market cap of $4.549 billion and a P/E ratio of 17.24.

International Game Technology (NYSE: IGT) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.06. The company had revenue of $600.00 million for the quarter, compared to the consensus estimate of $569.93 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. International Game Technology has set its FY13 guidance at $1.26-1.32 EPS. On average, analysts predict that International Game Technology will post $1.31 earnings per share for the current fiscal year.

International Game Technology (NYSE: IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.

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