Intel is already burning billions of dollars in cash, and the company plans to spend up to $100 billion on new foundries in the U.S. And that's a sign that the market had expected a dividend cut or that some investors thought it was the right move. Investors largely shrugged off the move as the stock fell 2.3% on the news. As you can see from the chart below, Intel's dividend is now even lower than it was a decade ago. After years of struggling through a seemingly perpetual turnaround, Intel ( INTC -0.99%) said on Wednesday that it was cutting its quarterly dividend from $0.365 per share to $0.125, slashing it by 66%.Īrguably, Intel's dividend had been the best reason to own the stock, and the move cut its dividend yield from 5.5% to 2%.
0 kommentar(er)
