Intel (INTC) Boosts Dividend 15%, Raises Buyback By $10 Billion

Intel Corporation (Nasdaq: INTC) raised its quarterly dividend 15 percent to 18.12 cents per share, or 72.48 cents per share on an annualized basis. Intel also raised its buyback play by an additional $10 billion, bringing the buyback authorization to $14.2 billion. The dividend will be payable on March 1, 2011 to stockholders of record on February 7, 2011. The ex-dividend date is February 3, 2011. Based on last week's closing price of $20.82, Intel's new dividend would yield 3.48%, up from 3% previously. CEO Paul Otellini, Intel president and CEO, said "today's announcement signals confidence in our fundamental business strategies both today and looking forward, allowing us to return more cash to shareholders."... Read more

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