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Dividend Increased to 90 cents Per Share on an Annual Basis

05.06.2012 11:38
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced that its board of directors has approved a 7 percent increase in the quarterly cash dividend to 22.5 cents per share (90 cents per share on an annual basis), beginning with the dividend that will be declared in the third quarter of 2012.

Today's announcement is the third dividend increase in the past 18 months. Intel's dividend has increased every year over the past decade and was recently recognized as Dividend Channel's1 "Top Dividend Stock of the Nasdaq 100."

"2012 is expected to be another year of record revenues for Intel, with strong demand in our core business and significant progress in smartphones and other new growth areas," said Paul Otellini, Intel president and CEO. "This latest dividend increase is one more example of our commitment to return cash to our stockholders as we continue to generate strong cash flow fueled by the global growth of computing."

Taken together since their inception, Intel's dividends and stock buyback program have returned approximately $112 billion to stockholders.

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