Intel (INTC) Lowers Quarterly Dividend 65.8% to $0.125; 1.9% Yield, Reaffirms Guidance

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Go back to Intel (INTC) Lowers Quarterly Dividend 65.8% to $0.125; 1.9% Yield, Reaffirms Guidance

Needham & Company Reiterates Buy Rating on Intel (INTC) Following Dividend Cut

February 22, 2023 1:01 PM EST

Needham & Company analyst N. Quinn Bolton reiterated a Buy rating and $32.00 price target on Intel (NASDAQ: INTC) after it announced a major reset to its dividend policy with a ~66% reduction to $0.50 per year.

The analyst commented, "In addition to preserving FCF by... More

Intel (INTC) 'Ripping the Bandaid Off' with Dividend Cut - BMO

February 22, 2023 11:01 AM EST

BMO Capital analyst Ambrish Srivastava weighed in on Intel (NASDAQ: INTC) following today's dividend cut, which the analyst said it "had to do."

The analyst commented, "Intel had to do this. We had flagged this as one of the top... More