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

Intel Co. (NASDAQ:INTC) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.125 per share by the chip maker on Saturday, June 1st. This represents a $0.50 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, May 6th.

Intel has decreased its dividend payment by an average of 17.5% annually over the last three years. Intel has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intel to earn $0.93 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 53.8%.

Intel Stock Performance

INTC stock opened at $30.90 on Friday. The firm has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $42.06. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market cap of $131.54 billion, a P/E ratio of 32.19, a P/E/G ratio of 9.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Morgan Stanley reduced their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Roth Mkm dropped their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Truist Financial reduced their target price on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.75.

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.