IGT dividend yield – IGT PLC Declares 0.2 Cash Dividend
June 21, 2023
🌥️Dividends Yield
On May 25, 2023, INTERNATIONAL GAME TECHNOLOGY ($NYSE:IGT) (IGT PLC) declared a 0.2 cash dividend. This marks the third consecutive year that the gaming and lottery technology provider has paid an annual dividend per share of 0.8, 0.8, and 0.2 USD respectively. This has resulted in dividend yields of 3.49%, 3.5%, and 0.62%, with an average dividend yield of 2.54%. If you are looking for dividend stocks, IGT PLC could be a viable option with its ex-dividend date set for May 24, 2023. For investors who purchase the stock before May 24th, they will be eligible to take part in the dividend payments.
This dividend is particularly attractive to investors looking to earn income from their investments since it is one of the highest yielding dividend stocks on the market today. Overall, INTERNATIONAL GAME TECHNOLOGY is a great option for investors looking to diversify their portfolios and receive some extra income from their investments. With a solid track record of consistent dividend payments, IGT PLC is an attractive choice for risk-averse investors.
Share Price
The results of INTERNATIONAL GAME TECHNOLOGY PLC (IGT) were announced on Thursday, with its stock opening at $24.6 and closing at the same amount. The stock ended the day only 0.2% up from the last closing price of 24.6. IGT declared a cash dividend of 0.2, which was also announced on Thursday. This latest dividend payment is yet another indication of IGT’s commitment to rewarding shareholders and providing long-term value.
It also serves as a strong signal to investors that IGT is confident in their future prospects. IGT will continue to focus on innovation and growth, and this dividend payment will provide another way for the company to share the benefits of their success with their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for IGT. More…
| Total Revenues | Net Income | Net Margin |
| 4.24k | 219 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for IGT. More…
| Operations | Investing | Financing |
| 1.02k | 139 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for IGT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.51k | 8.64k | 7.1 |
Key Ratios Snapshot
Some of the financial key ratios for IGT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.6% | 0.4% | 20.3% |
| FCF Margin | ROE | ROA |
| 16.1% | 37.7% | 5.1% |
Analysis
Our team at GoodWhale conducted an analysis of INTERNATIONAL GAME TECHNOLOGY’s fundamentals and found that according to our Star Chart, the company has an intermediate health score of 6/10 with regard to its cashflows and debt, which suggests it is likely to safely ride out any crisis without the risk of bankruptcy. We have classified INTERNATIONAL GAME TECHNOLOGY as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given its strong dividend and profitability, and weak asset and growth, INTERNATIONAL GAME TECHNOLOGY may be of interest to value investors who seek steady returns with limited risk. We also suggest that the company may be of interest to those who are looking for a relatively stable stock in which to invest for the long term. More…
Peers
The competition between International Game Technology PLC and its competitors is fierce. Each company is fighting for market share and trying to gain an edge over the other. The competition is beneficial for consumers as it drives down prices and forces companies to innovate and create new and better products.
– Inspired Entertainment Inc ($NASDAQ:INSE)
Inspired Entertainment Inc is a global gaming technology company that provides virtual sports, mobile gaming and iLottery products to regulated lotteries, bookmakers and casinos. The company has a market cap of 246.77M as of 2022 and a Return on Equity of -56.33%. Inspired Entertainment Inc’s products are available in over 35,000 retail venues and over 100 online and mobile operators around the world. The company’s virtual sports games are based on official league data and are played using the same rules, scoring and odds as the corresponding real-world sporting event.
– Webis Holdings PLC ($LSE:WEB)
Webis Holdings PLC is a publicly traded company with a market capitalization of 6.49 million as of 2022. The company has a return on equity of 9.47%. Webis Holdings PLC is engaged in the business of providing online gaming and betting services. The company was founded in 2002 and is headquartered in the United Kingdom.
– Greek Organisation of Football Prognostics SA ($OTCPK:GRKZF)
As of 2022, the market cap for the Greek Organisation of Football Prognostics SA is 4.37B. The company’s ROE is 40.93%. The company is involved in the business of forecasting football matches.
Summary
Investing in International Game Technology (IGT) has generally been profitable for the past three years, with an average dividend yield of 2.54%. IGT has paid an annual dividend per share of 0.8 USD for the past three years, resulting in dividend yields of 3.49%, 3.5%, and 0.62%. It is worth noting that dividend yields may vary depending on certain market conditions, so investors should conduct their own due diligence before investing in any stock.
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