Thursday June 6,2013 : INTERNATIONAL GAME TECHNOLOGY KEEPS INVESTORS SWEET
Land and online gambling supplier announces a 50 percent increase on quarterly dividend
The directors of International Game Technology clearly want to keep the investment community interested, announcing Tuesday that a quarterly cash dividend of $0.09 per share on its common stock has been approved – a 50 percent increase compared to the dividend paid in the same quarter last year.
"This marks the 41th consecutive quarter that the Company has paid a dividend, the longest, current streak in the gaming industry," a company spokesman said.
CEO Patti Hart added: "This is a clear signal that our strategy is driving strong financial performance and that we are committed to returning capital to shareholders in an effective and judicious matter."
The dividend is payable on July 5, 2013 to shareholders of record on June 20, 2013.
Earlier this year Hart and her management team were involved in a prolonged and very public proxy fight with a rebellious investor group led by Ader Investments seeking more seats on the board. It was a contest frequently played out in mud-slinging and media statements in which Hart was generally perceived to have prevailed