Intel (INTC) Dividend Raise Puts Spotlight on High Dividend ETF (HDV)

May 7, 2012 9:36 AM EDT
iShares High Dividend Equity (NYSE: HDV), an ETF designed to measure the performance of a select group of U.S. securities that have provided relatively high dividend yields on a consistent basis, is in focus today after Intel (Nasdaq: INTC) 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."

Intel makes of 4.96 percent of HDV's holdings, it's eighth largest. AT&T (NYSE: T) and Pfizer (NYSE: PFE) are the largest weighted stocks held in HDV.

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