International Game Technology (NYSE:IGT) Stock Picks Ranked 2nd Among Its Industry Peers By Dividend Yield
International Game Technology (NYSE:IGT) was incorporated in 1980 and is engaged in designing, manufacturing and marketing of electronic gaming equipment and systems around the globe. Based in Reno, Nevada, the company offers casino-style slot machines, central determination system machines, video lottery terminals and electronic and video bingo machines. The company also offers systems products such as casino management, customer relationship marketing (CRM) and server based games and player management. The company’s products are sold in markets of United States, Canada, Europe, Middle East, Africa, Mexico and South/Central America, Asia, Australia, New Zealand and the United Kingdom.
International Game Technology (NYSE:IGT) is ranked 2nd among 41 multimedia and graphics software companies by dividend yield. The company maintains the dividend yield of 1.70 percent as compared to highest dividend yield of 2.10 percent in its industry. The company is ranked 6th among its industry peers by return on equity of 19.34 percent.
International Game Technology (NYSE:IGT) generated the total revenue of $445.50 million for the quarter ended December 31st, 2011 as compared to revenue of $451.20 million for the same period last year. The company reported the net profit of $49.30 million or earnings of $0.17 per share for the respective quarter as compared to net income of $73.70 million or earnings of $0.24 per share last year.
The company’s total assets accumulate up to $4.15 billion out of which fixed assets have the highest proportion. The company maintains a strong short term liquidity position as per its current ratio of 2.92 times.
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