By Market News Video Staff, Friday, November 12, 11:41 AM ET
Intel (NASDAQ:INTC) announced a 15% increase in its quarterly dividend today, to $0.18 per share, beginning with the dividend to be declared in the first quarter of 2011.
CEO Paul Otellini noted that the company remains on track for its best year ever, and it continues to generate strong cash flows.
In its announcement, Intel noted that its cash dividends for the first through third quarters of 2010 totaled $2.6 billion.
Intel shares are trading up 1.7% Friday.
Intel is the top holding of the Proshares Ultra Semiconductors Fund (AMEX:USD), which is trading up 1% today.
Intel is 15.95% of the portfolio, followed by Texas Instruments (NASDAQ:TXN), at 5.01%, Broadcom (NASDAQ:BRCM) at 2.52%, Applied Materials (NASDAQ:AMAT) at 2.34%, and Marvell Technology Group (NASDAQ:MRVL), at 1.45% of the fund.
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