Intel: Dividend Boost Points to Renewed Confidence

By Allan Robinson

A dividend boost at semiconductor maker Intel Corp. (INTC) reflects confidence in the business outlook, said Paul Ortellini, its chief executive officer.

The quarterly dividend was increased 12.5% to 15.75 cents (U.S.) from 14 cents. The yield on the shares, which are trading at $20.25 is 3.1%.

According to analyst estimates Intel’s fourth-quarter sales are likely to increase for the first time in a year, Bloomberg News said.

Over at 24/7 Wall Street, Jon Ogg is taking a closer look at what sort of aspirations the tech giant might have as a dividend paying company.

Comments

[robert99:]

Should have bought more than what I did earlier this year. INTC is a great company with bright prospects. Oh well.

Nov 16 08:33 PM

[Krazy Klimber:]

I have 500 shares that I was ready to get rid of for a small profit since they are not good for writing options against. Glad I kept them... I may just keep them for dividends.

Nov 17 08:42 AM

[Aces003:]

That's a lot more than the banks are paying.....For a bit longer...That is until inflation hit's like a freight train.....

Nov 17 04:40 PM