Intel Lifts Dividend By 7.1% In Third Increase In 18 Months

Date : 05/07/2012 @ 10:14AM
Source : Dow Jones News
Stock : Intel Corp. (MM) (INTC)
Quote : 34.5  0.0 (0.00%) @ 4:23AM

Intel Lifts Dividend By 7.1% In Third Increase In 18 Months

Intel (NASDAQ:INTC)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Intel Charts.
   DOW JONES NEWSWIRES 
 

Intel Corp.'s (INTC) board approved a 7.1% quarterly dividend increase, allowing the technology company to boost its payout to shareholders for the third time in less than two years.

The company will now pay shareholders 22.5 cents a share a quarter, up from the 21 cents previously paid. The increase will cost the company roughly an additional $78 million a quarter.

"This latest dividend increase is one more example of our commitment to return cash to our stockholders as we continue to generate strong cash flow fueled by the global growth of computing," said Chief Executive Paul Otellini.

The new payout puts the company's annual dividend yield at 3.22%, above the likes of fellow tech titans International Business Machines Corp. (IBM) and Microsoft Corp. (MSFT).

Intel, considered a bellwether for the broader industry because its chips run more than 80% of the world's PCs, posted record results in 2011 despite worries about demand.

Shares were recently off two cents at $27.88 shortly after the market open in New York.

-By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Latest INTC Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.