Intel Plans Quarterly Dividend of $0.23 (INTC)
Intel (NASDAQ:INTC) announced a quarterly dividend on Wednesday, January 23rd. Stockholders of record on Thursday, February 7th will be paid a dividend of $0.23 per share on Friday, March 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.27%.
A number of analysts have recently weighed in on INTC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note to investors on Monday. They now have a $22.00 price target on the stock. On a related note, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Intel in a research note to investors on Friday, January 18th. They now have a $20.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Intel from $22.50 to $20.00 in a research note to investors on Friday, January 18th. They now have an “underweight” rating on the stock.
Sixteen research analysts have rated the stock with a buy rating, two have given an overweight rating, twenty-six have assigned a hold rating, three have issued an underweight rating, and five have given a sell rating to the company. The company presently has an average rating of “hold” and an average price target of $22.84.
Shares of Intel (INTC) opened at 21.17 on Wednesday. Intel (INTC) has a one year low of $19.23 and a one year high of $29.27. The stock’s 50-day moving average is currently $20.97. The company has a market cap of $105.2 billion and a P/E ratio of 9.94.
Intel last posted its quarterly earnings results on Thursday, January 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in 2012, the company posted $0.64 earnings per share. Intel’s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Intel (INTC) will post $1.94 earnings per share for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
