UPDATE: Intel (INTC) Announces 7% Increase in Qtr. Dividend to 22.5c/Share

May 7, 2012 9:04 AM EDT
(Updated - May 7, 2012 9:10 AM EDT)

Intel (Nasdaq: INTC) has announced its Board has raised its quarterly dividend from 21 cents per share to 22.5 cents per share, or 90 cents per share annualized. The yield on the new payout increases to 3.2 percent.

This is the third dividend increase in the past 18 months.

Intel's dividend has increased every year over the past decade and was recently recognized as Dividend Channel's "Top Dividend Stock of the Nasdaq 100."

"2012 is expected to be another year of record revenues for Intel, with strong demand in our core business and significant progress in smartphones and other new growth areas,” said Paul Otellini, Intel president and CEO."This latest dividend increase is one more example of our commitment to return cash to our stockholders as we continue to generate strong cash flow fueled by the global growth of computing."

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