Intel Announces $15 Billion Increase to Stock Repurchase Authorization
November 15 2018 - 4:30PM
Business Wire
Intel Corporation today announced that its board of directors
has approved a $15.0 billion increase in its authorized stock
repurchase program. The company had $4.7 billion remaining under
its existing repurchase authorization as of Sept. 29, 2018.
Under this authorization, Intel is not required to purchase
shares, but may choose to do so in the open market or through
private transactions at times and amounts determined by the company
based on its evaluation of market conditions and other factors.
Intel’s capital allocation strategy remains unchanged. Intel
focuses on building value by first investing in itself and growing
its capabilities. The company then looks to supplement and
strengthen its capabilities through acquisition and strategic
investments. Finally, Intel provides the return realized by these
investments to its shareholders through its dividend program and
opportunistic stock repurchases.
From 1990 through the third-quarter of 2018, Intel has returned
approximately $177 billion to stockholders through dividends and
stock repurchases.
About Intel
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is
shaping the data-centric future with computing and communications
technology that is the foundation of the world’s
innovations. The company’s engineering expertise is helping
address the world’s greatest challenges as well as helping secure,
power and connect billions of devices and the infrastructure of the
smart, connected world – from the cloud to the network to the edge
and everything in between. Find more information about Intel at
newsroom.intel.com and intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20181115005749/en/
Sarah SalavaInvestor Relations+1 (503)
264-5709sarah.a.salava@intel.com
Cara WalkerMedia Relations+1 (503)
696-0831cara.walker@intel.com
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