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, March 19, 2013. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.75 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for International Game Technology has been 3.6 million shares per day over the past 30 days. International Game Technology has a market cap of $4.58 billion and is part of the technology sector and computer software & services industry. Shares are up 20.1% year to date as of the close of trading on Friday.

International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full International Game Technology Ratings Report.

See our dividend calendar or top-yielding stocks list.

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