International Game Technology (NYSE: IGT ) has announced a raise in its quarterly dividend. For its first payout of 2013, the company will disburse $0.08 per share of its common stock on April 5 to shareholders of record as of March 21.
That marks a 14% over the previous dividend, which was $0.07 handed out last December. Before that, the company had paid $0.06 in every quarter since March 2009.
IGT pointed out that with the just-announced distribution, it has paid dividends for 40 straight quarters.
The new dividend annualizes to $0.32 per share. That yields 1.9% at the company's current stock price of $16.51