Published on 20 Mar 2024 on Simply Wall St. via Yahoo Finance

International Game Technology PLC (NYSE:IGT) Will Pay A US$0.20 Dividend In Four Days

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that International Game Technology PLC (NYSE:IGT) is about to go ex-dividend in just 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase International Game Technology's shares before the 25th of March in order to receive the dividend, which the company will pay on the 9th of April.

The company's upcoming dividend is US$0.20 a share, following on from the last 12 months, when the company distributed a total of US$0.80 per share to shareholders. Looking at the last 12 months of distributions, International Game Technology has a trailing yield of approximately 3.9% on its current stock price of US$20.74. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether International Game Technology has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for International Game Technology