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
Fool contributor Eric Volkman and The Motley Fool have no position in International Game Technology. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.