In January, when Intel reported one of its worst financial quarters in years, the chip giant worked to keep up investor confidence by holding its dividend steady at $0.365/share. Less than a month later, it’s singing a very different tune. The company today announced that it was revising its dividend to $0.125 per share, down nearly two-thirds, as part of a bigger effort to conserve cash amid the very tough economic environment, and how it’s playing out specifically in the tech sector.
The dividend cut underscores the darker outlook Intel has for the year ahead. The company’s dividend has been level at $0.36 for many quarters and has dipped below $0.30 Read Entire Article
