Last week Intel (INTC) announced a 15% increase in its quarterly dividend and increased the amount of funds for stock repurchases to $14.2 billion. The dividend yield is now 3.48%. With debt to equity of only 4.3%, a five year dividend growth rate of 28%, a low payout ratio of 33%, and a P/E of only 10.3%, Intel should now be considered a great core portfolio holding that will generate solid dividends for many years.
Intel Business Summary: Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. In addition, Intel offers NAND flash memory products primarily used in portable memory storage devices, digital camera memory cards, and solid-state drives. Intel sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment.
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