International Game Tech Stock To Go Ex-dividend Tomorrow (IGT)

NEW YORK ( TheStreet) -- The ex-dividend date for International Game Tech (NYSE: IGT) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.47 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for International Game Tech has been 3.4 million shares per day over the past 30 days. International Game Tech has a market cap of $4.73 billion and is part of the technology sector and computer software & services industry. Shares are down 4.3% year to date as of the close of trading on Friday.

International Game Technology engages in the design, development, manufacture, and marketing of electronic gaming equipment and systems worldwide. The company has a P/E ratio of 18.8, above the average computer software & services industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Game Tech as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally poor debt management. You can view the full International Game Tech Ratings Report.

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