International Game Technology PLC (NYSE:IGT) Ex-Dividend Reminder: 3 Days Left

Investors seeking to grow their wealth through dividends should take note of International Game Technology PLC (NYSE:IGT) as the company is set to go ex-dividend in just 3 days. This means that investors must purchase shares before May 30th to receive the upcoming dividend payment on June 13th.

The next dividend payment from IGT will be US$0.20 per share, with a total of US$0.80 per share paid out over the last 12 months, resulting in a trailing yield of approximately 4.1% based on the current share price of US$19.67. Dividends are a key source of income for many shareholders, making it crucial to evaluate whether the company can sustain and potentially increase its dividend payments.

IGT, which paid out 70% of its earnings as dividends last year, is operating at a normal payout level. Additionally, the company utilized only 25% of its free cash flow to distribute dividends, indicating a conservative approach to dividend allocation.

Moreover, IGT has demonstrated strong earnings growth, with a 43% increase in earnings per share over the past five years. With a manageable payout ratio and a history of stable dividend payments, the company appears to offer promising dividend prospects.

However, investors should be mindful of the risks associated with investing in IGT, as the company has shown 2 warning signs in investment analysis. It is advisable for investors to conduct thorough research and due diligence before making any investment decisions related to International Game Technology.

In conclusion, while IGT presents an attractive dividend opportunity, it is essential for investors to consider all factors before investing. This article provides a general overview and analysis based on historical data and analyst forecasts, and does not serve as financial advice.