Intel raises its dividend

Intel Corp. announced Friday that it is raising its dividend by 15%, joining the ranks of other technology giants that have beefed up dividend activity.

Intel said the increase pushes its quarterly cash dividend up to 18 cents per share, or 72 cents per share on an annual basis.

0Email Print Comment"Our ongoing operational performance and confidence in our business going forward provide the ability to return more cash to shareholders," Chief Executive Paul Otellini said, referring to 2010 as Intel's "best year ever."

The move boosts the chipmaker's dividend yield to 3.4%, based on the company's Thursday closing price of $21.21 per share. That exceeds the yields offered by bonds such as the 10-year note, which was at 2.7% on Friday.

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- Posted: 2010-11-12 10:15:16

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