Intel Co. Declares Quarterly Dividend of $0.13 (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Wednesday, August 7th will be given a dividend of 0.125 per share by the chip maker on Sunday, September 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, August 7th.

Intel has decreased its dividend payment by an average of 17.5% per year over the last three years. Intel has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Intel to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 60.2%.

Intel Price Performance

Shares of INTC traded down $7.57 during trading hours on Friday, hitting $21.48. 300,895,920 shares of the company were exchanged, compared to its average volume of 60,137,096. The company has a market capitalization of $91.44 billion, a PE ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a fifty day simple moving average of $31.35 and a 200-day simple moving average of $36.85. Intel has a one year low of $20.42 and a one year high of $51.28.

Analyst Ratings Changes

A number of analysts recently issued reports on INTC shares. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research report on Friday. UBS Group cut their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday. Roth Mkm cut their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday. Finally, StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a report on Thursday. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.41.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.