Intel Boosts Quarterly Stock Dividend

Published by: Kelly Curtis on 24th Jan 2011 | View all blogs by Kelly Curtis
Intel Logo.jpg
Intel Boosts Quarterly Stock Dividend

Intel announced on Monday it is raising its dividend by 15 percent and has authorized another $10 billion for its share buyback program after posting better-than-expected results earlier in January.  The chipmaker authorized a quarterly dividend payment of 18 cents per share, according to statement issued on Monday.

“Today's announcement signals confidence in our fundamental business strategies both today and looking forward,” the statement, from Intel's president and CEO Paul Otellini, said.  The chipmaker posted higher-than-expected revenue on January 13th, easing concerns about the company's dwindling role in the booming smartphone and tablet computer market.

Shares of Intel stock had gained 34 cents per share to $21.16 as of 12:30 PM ET during Monday's trading session.

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