Feeds

Intel doubles down on dividend

Pennies for the rich

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The generous brass at Intel have decided to double the dividend shareholders will receive next year.

Investors of record on Feb. 7, will receive a whopping quarterly dividend of 8 cents per share. Along with the dividend doubling, Intel announced that it will repurchase another 500m shares of stock. Intel has repurchased $6.6bn - more than 263m shares - worth of stock so far this year.

"Intel is committed to investing for growth and returning excess cash to our stockholders," said Intel CEO Craig Barrett. "While Intel's investment in R&D and capital has averaged about $9bn over the past five years, we have also been returning billions of dollars to our stockholders each year in the form of dividends and stock buybacks. Today I'm pleased to announce that we are doubling the dividend for the second time this year and increasing the stock buyback authorization by 500m shares."

Investors, no doubt, will be pleased to see the larger dividend and to see Intel working on share dilution issues. It's still disconcerting though to see large tech companies fall so far behind their brick and mortar counterparts in the dividend game. Imagine Proctor & Gamble or Exxon offering a paltry 8 cents per quarter.

It's also comical to see tech firms such as Intel, Cisco and Dell gobbling up shares after granting boatloads of options for so long. ®

Related stories

Compaq's servers save HP from enterprise sales hell
Merrill Lynch downgrades notebook makers
Wall Street bears take a swipe at chip stocks

Beginner's guide to SSL certificates

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.