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INTC Announces 15 Percent Dividend Hike

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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This Article's Word Cloud:   AMAT   AMEX   Applied   Broadcom   Friday   Fund   Group   INTC   Intel   MRVL   Marvell   Materials   Otellini   Paul   Semiconductors   Technology   Texas   Ultra   announced   announcement   best   billion   cash   company   continues   declared   dividend   dividends   ever   first   flows   followed   fund   generate   increase   noted   quarter   quarters   remains   shares   strong   that   third   today   totaled   track   trading   which   with   year
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