Feeds

Intel doubles down on dividend

Pennies for the rich

  • alert
  • submit to reddit

The essential guide to IT transformation

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

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.