This papers presents new exact analytical solutions of a generalized Ito equation having three nonlinear terms, third- and fifth-order derivative forms that model the dynamics of traveling waves in nonlinear dispersive systems. With the help of Riccati equation method, we obtain different kinds of exact traveling wave solutions containing dark, singular, trigonometric, rational and other form of waves solutions that are more general than classical ones existing in the literature. Despite the originality of the new results obtained, the method used here is very efficient, powerful and can be extended to other types of nonlinear equations and more. Moreover, the behaviors of traveling waves solutions are portrayed graphically by selecting suitable values for the physical parameters.