Tuesday March 5, 2013 : IGT DECLARES 33 PERCENT CASH DIVIDEND (Update)
Just hours before stakeholders go to the polls
International Game Technology delivered welcome news to shareholders today (Monday) with the declaration of a cash dividend of $0.08 per share on its common stock.
Equating to a 33 percent increase compared to the dividend paid in the same quarter last year, this is IGT's 40th consecutive quarter of returning value to its shareholders.
"We are pleased to announce an increase in our quarterly cash dividend," said Patti Hart, chief executive officer of IGT. "This is a demonstration of our continued commitment to return capital to shareholders, efficiently and prudently, driven by the strong financial performance of the company."
The news comes just hours ahead of IGT's much anticipated meeting of shareholders on March 5 which is likely to produce corporate fireworks following a very public, distasteful fight for three of the eight seats on IGT's board of directors, a challenge initially mounted by 3 percent shareholder Jason Ader