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

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; [email protected]

Stock News for Intel (INTC)
DateTimeHeadline
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01/20/201720:31:00Apple Sues Qualcomm Over Licensing Practices -- 2nd Update
01/20/201717:12:00Correction to inauguration donors article
01/13/201718:46:32Statement of Changes in Beneficial Ownership (4)
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01/11/201714:31:00Computer Chips Evolve to Keep Up With Deep Learning
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01/05/201718:53:20Statement of Changes in Beneficial Ownership (4)
01/04/201721:12:00Intel Jump Starts CES 2017 With News and Experiences
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01/04/201703:02:00Intel Buys Into Auto Technology -- WSJ
01/03/201720:44:00Correction to Qualcomm Article
01/03/201718:51:00Qualcomm Looks Beyond Smartphones With New Chip -- Update
01/03/201717:29:00Qualcomm Looks Beyond Smartphones With New Chip
01/03/201714:30:00Intel Buying 15% Stake in Here, German Auto Makers' Digital-Map...
01/03/201713:00:00Intel to Acquire 15 Percent Ownership of HERE
01/03/201711:10:00Intel Seeks Approval to Invest in German Auto Makers' Digital-Mapping...
01/03/201706:45:00Intel Seeks Approval to Buy Stake in HERE

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