Dividend On Watch: $0.20 dividends are now a reality for International Game Technology (NYSE:IGT) shareholders. Here’s why.

Dividend On Watch: $0.20 dividends are now a reality for International Game Technology (NYSE:IGT) shareholders. Here's why.

International Game Technology (NYSE:IGT) is expected to pay $0.20 on Dec 19, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on International Game Technology’s current price of $25.98, the dividend is 0.77%. This dividend’s record date is Dec 5, 2016 and the announcement date is Nov 21, 2016. The stock decreased 0.50% or $0.13 during the last trading session, hitting $25.98. International Game Technology Ordinary Shares (NYSE:IGT) has risen 45.06% since April 27, 2016 and is uptrending. It has outperformed by 39.83% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 1.00, from 0 in 2016Q1. The ratio improved, as 1 funds sold all International Game Technology Ordinary Shares shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 12,734 shares or 0.22% less from 12,762 shares in 2016Q1.
Huntington Retail Bank has 0.01% invested in the company for 12,733 shares. Gemmer Asset Llc, a California-based fund reported 1 shares.

International Game Technology Ordinary Shares (NYSE:IGT) Ratings Coverage

Out of 6 analysts covering Intl Game Tech. PLC (NYSE:IGT), 3 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 50% are positive. $30 is the highest target while $15.50 is the lowest. The $22 average target is -15.32% below today’s ($25.98) stock price. Intl Game Tech. PLC has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 19, the company rating was initiated by Goldman Sachs. Sterne Agee CRT upgraded it to “Neutral” rating and $15.50 target price in Monday, October 5 report. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, August 12. The firm earned “Buy” rating on Tuesday, August 18 by Union Gaming Research. The stock has “Underperform” rating given by Sterne Agee CRT on Tuesday, August 18. On Wednesday, September 28 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The stock of International Game Technology Ordinary Shares (NYSE:IGT) earned “Outperform” rating by Telsey Advisory Group on Friday, July 29. The stock of International Game Technology Ordinary Shares (NYSE:IGT) has “Buy” rating given on Friday, September 16 by Argus Research. The firm has “Buy” rating by Bank of America given on Tuesday, September 13.

Another recent and important International Game Technology Ordinary Shares (NYSE:IGT) news was published by Benzinga.com which published an article titled: “International Game Technology Scores Big With Argus’ Buy Rating” on September 16, 2016.

IGT Company Profile

International Game Technology PLC (IGT PLC), incorporated on July 11, 2014, is an end-to-end gaming company. The Firm is engaged in operating and providing an integrated portfolio of technology services and products across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. The Company’s divisions are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) services and products to clients in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. The Company’s lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 clients across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery clients and lotteries that IGT PLC supports across the world.

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