Investors who are looking to boost 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.
With a next dividend payment of US$0.20 per share and a total of US$0.80 per share paid out over the last 12 months, International Game Technology offers a trailing yield of around 4.1% based on the current share price of US$19.67. Dividends play a crucial role in many shareholders’ income, making it essential to evaluate whether the company can sustain and potentially increase its dividend payments.
International Game Technology paid out 70% of its earnings as dividends last year, a normal payout level, and only used 25% of its free cash flow for dividend payments, indicating a conservative approach. The company has also demonstrated strong earnings growth, with a 43% increase in earnings per share over the past five years, along with historical stability in dividend payments.
While International Game Technology presents an appealing dividend opportunity, investors should be aware of the associated risks. The company has shown 2 warning signs in investment analysis, which should be considered before making any investment decisions.
In conclusion, investors are advised to conduct further research and due diligence before investing in International Game Technology. This article provides a general overview and analysis based on historical data and analyst forecasts, and should not be taken as financial advice.