Connect with us

Hi, what are you looking for?


Intel just announced its first dividend cut since 2000

Shares of Intel Corporation (NASDAQ: INTC) are in the green this morning even after the semiconductor behemoth announced a massive cut to its dividend.

Intel cuts dividend to 12.5 cents a share

On Wednesday, the multinational technology company trimmed its quarterly dividend by a whopping 65% to 12.5 cents a share.

The announcement arrives shortly after Intel Corporation promised $3.0 billion in cost savings this year. CEO Pat Gelsinger confirmed in the press release, though, that the company planned on growing its payout again over time.

The board and I continue to view the dividend as a critical component to the overall attractiveness of Intel.

Last month, the Nasdaq-listed firm also reported its largest quarterly loss since 2017 as Invezz posted HERE. For the year, Intel stock is roughly flat at writing.

Intel Corporation reiterates its Q1 outlook

It’s the first time in more than two decades that Intel Corporation has resorted to slashing its dividend. Intel stock now pays a dividend yield of just under 2.0%. CEO Gelsinger added:

Prudent allocation of our owners’ capital is important to enable our IDM 2.0 strategy and sustain our momentum as we rebuild our execution engine.

Also on Wednesday, Intel Corporation reiterated its outlook for 15 cents of adjusted per-share earnings in the first quarter but refrained from offering full-year guidance due to economic uncertainty.  

Earlier today, our financial analyst Crispus Nyaga identified a bearish flag pattern on the Intel stock’s weekly chart. Wall Street currently has a consensus “hold” rating on INTC.  

The post Intel just announced its first dividend cut since 2000 appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Reprinted from the Future of Freedom Foundation President Biden’s campaign to banish (or maybe outlaw) political paranoia took a wallop last spring. In April,...


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...

    Editor's Pick

    It’s already a cliché, but technology is rapidly improving. And for many businesses, it’s hard to catch up. However, it’s not just the average...

    Editor's Pick

    At Broadband World Forum 2022, Fibocom launched 5G module FG370 based on MediaTek T830 platform, aiming to empower the deployment of 5G FWA for...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.