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US gambling giant International Game Technology has announced that it is paying a dividend of $0.07 per share for its common stock, an increase of 17% from what the company paid on its stock during the same quarter last year.
Patti Hart, IGT's CEO spoke about the dividend, saying: "We are pleased to announce a 17% increase in the quarterly cash dividend and to continue to distinguish IGT as the only dividend paying, investment grade company in the gaming industry. This action reflects the confidence we have in our business strategy, the sustainability of our cash flow, and our commitment to returning capital to shareholders."
The dividend will be paid on December 31st, 2012 and include all shareholders on the record books before December 19th, 2012.