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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for International Game Technology (NYSE: IGT) is tomorrow, September 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $13.22 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for International Game Technology has been 4.4 million shares per day over the past 30 days. International Game Technology has a market cap of $3.45 billion and is part of the technology sector and computer software & services industry. Shares are down 23.1% 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 17.4, below the average computer software & services industry P/E ratio of 18.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates International Game Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full International Game Technology Ratings Report.

See our dividend calendar or top-yielding stocks list.

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