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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
03/24/201711:27:53Current Report Filing (8-k)
03/23/201718:41:09Initial Statement of Beneficial Ownership (3)
03/23/201718:25:43Initial Statement of Beneficial Ownership (3)
03/23/201718:10:00Correction to Intel New Drives Story on March 19
03/23/201709:18:20Current Report Filing (8-k)
03/23/201709:05:00Intel Declares Quarterly Cash Dividend
03/23/201709:00:00Intel Elects Two New Members to Board of Directors
03/21/201714:55:00Intel Tips Off NCAA® March Madness® with Multiyear Exclusive P...
03/19/201712:23:00Correction to Chip Designers Story
03/19/201706:29:00Intel Looks to Gain From Data Explosion With New Drives
03/16/201708:08:00Watch now: BizWireTV Spotlights a Big Debut at This Year’s S...
03/16/201703:02:00Intel Deal Faces Stiff Test -- WSJ
03/15/201718:44:16Statement of Changes in Beneficial Ownership (4)
03/15/201712:51:00Deal for Mobileye Puts Intel's Spotty Record of Big Acquisitions...
03/15/201703:02:00Big Tech Reshapes Automotive Sector -- WSJ
03/14/201714:49:00Intel Deal for Mobileye Fuels Israel's Drive to Become Automotive...
03/14/201708:35:00Wind River Transforms Future of Industrial IoT with Breakthrough...
03/14/201707:24:00Big Tech Reshaping Auto Supply Chain With Latest Deals
03/14/201707:06:00Today's Top Supply Chain and Logistics News From WSJ
03/14/201703:02:00Intel Joins Race for 'Servers on Wheels' -- WSJ

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