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Intel - Dividend Stock To Boost Its Dividend in 2010

|Includes:AMD, Intel Corporation (INTC)
Despite Legal Woes Intel Will Boost Dividend Next Year
Intel (Nasdaq: INTC), the world's largest semiconductor maker, will hike its quarterly dividend by 12.5% starting next year, taking its quarterly payout to 15.75 cents a share from 14 cents. News of the dividend hike by Intel is especially impressive given that the company announced last week it will pay rival Advanced Micro Devices (NYSE: AMD) $1.25 billion to settle claims that Intel used its dominant market position to reduce competition with AMD.

Then again, $1.25 billion isn't all that much when considering that Intel has $13 billion in cash and cash equivalents, plus another $4.3 billion in long-term investments. Shares of Intel, a member of the Dow Jones Industrial Average, currently yield 2.8%.

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Stocks: INTC, AMD