Intel (INTC, Financial) has announced a quarterly dividend of 27.25 cents with an ex-dividend date of May 3. The dividend is a 5% increase from the previous dividend of 26 cents. With the March dividend, the stock now has a forward dividend yield of 3.06%.
Intel is trading for $35.49. Year to date it has a return of -2.24%. Its one-year return is 11.15%, and it has a three-year return of 38.39%. Key factors influencing the year’s lows are competition from Advanced Micro Devices (AMD) and speculation on its acquisition of Mobileye (MBLY, Financial).
Its most recent earnings report with fourth-quarter and full-year 2016 results showed positive momentum for the company. In the fourth quarter it reported revenue of $16.4 billion, beating estimates by $650 million and increasing 10% from the comparable quarter. Earnings per share for the quarter were 79 cents, beating estimates by 4 cents and increasing from 76 cents in the comparable quarter.
For the year, revenue was $59.5 billion, an increase from $55.4 billion in 2015. Earnings per share for the year were $2.72, an increase from $2.49.
Client computing was the company’s greatest revenue and earnings driver in 2016. Client computing revenue of $32.91 billion accounted for 55% of revenue and contributed $10.65 billion to operating income.
Institutional shareholders own the majority of the firm’s outstanding stock at 62.8%. The firm’s top institutional shareholder is Vanguard with 6.7%. Leading hedge fund shareholders include Ken Fisher (Trades, Portfolio) with 0.4% and Bill Nygren (Trades, Portfolio) with 0.2%.
Disclosure: I do not own any shares of Intel.
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