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.

Is Aristocrat Leisure a good stock to buy?

Wage, China data ahead. Follow updates here. Aristocrat Leisure, the largest pokies manufacturer in the world, is the only gaming stock that has enjoyed share price growth. NeoGames SA, based in Israel, experienced a 3.4% drop in stock due to uncertainty over the war, following its acquisition agreement with Aristocrat Leisure.

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.