Intel Joins DJIA Dividend Hike Brigade (INTC)

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By Jon C. Ogg Updated Published
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Intel Corporation (NASDAQ: INTC) has joined the brigade of Dow Jones Industrial Average to raise its dividend.  The semiconductor giant approved a 7 percent increase in its quarterly cash dividend to 22.5 cents per share per quarter.  The rate of 90 cents per share on an annual basis generates a 3.22% dividend yield based upon the closing price of $27.90.  The impressive news is that Intel said this was the third dividend increase in the past 18 months, and its dividend has increased every year over the past decade.

Here is a big figure that goes back rather far: Taken together since their inception, Intel’s dividends and stock buyback program have returned approximately $112 billion to stockholders.

While there is not any new guidance from its earnings report last month, Intel is maintaining the stance that 2012 is expected to be “another year of record revenues for Intel.”  The core business, its progress in smartphones, and other new growth areas drove ability to raise its payout.

Intel shares are up marginally at $27.94 and its 52-week range is $19.16 to $29.27.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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