What happened to Aristocrat Leisure Limited's share price?

The Aristocrat Leisure Limited ( ASX: ALL) share price has dropped into the red mid-morning, after opening in the green this morning. This comes after the company released more details on its $1.3 billion equity raise.

What is a dividend aristocrat stock?

A stock that pays dividends has increased dividends consistently for the last 25 years is called a dividend aristocrat stock. The dividend aristocrats are well-established companies and have been paying out dividends for a long time already. This signals to investors that these companies are reliable for long-term investment.

Why is the aristocrat share price on watch today?

The Aristocrat share price will be on watch today after it revealed that one of its biggest rivals in the pursuit of Playtech has pulled out of the race.