Intel Corp.'s board of directors has approved a 13 percent increase in the quarterly cash dividend to 12.75 cents per share beginning with the dividend that will be declared in the first quarter of 2008.
"Intel's product and technology leadership, the company's focus on growth and the success of more streamlined operations have put Intel in an extremely strong position, now and for the future," said Intel President and CEO Paul Otellini. "Even with one of the highest dividend yields in the technology industry, Intel's cash generating capability allows us to again increase the dividend as a signal in our faith in the future and to reward shareholders."
Intel began paying a cash dividend in 1992 and has paid out approximately $8.9 billion to its stockholders over the past 60 quarters (through the third quarter of 2007). The Intel dividend rate was last increased in November 2006, effective with the first-quarter 2007 dividend.
