Intel Corp. (INTC, Financial) has announced a quarterly dividend of 27.25 cents per share. The stock is currently trading at $34.48. The dividend has an ex-dividend date of Aug. 3.
The company has been reporting a steady quarterly dividend for over 10 years. It last increased its dividend from 26 cents in May 2017. It currently has a forward dividend yield of 3.16%.
Intel last reported earnings on April 27 with first-quarter revenue of $14.79 billion and earnings per share of 66 cents. For the quarter, total operating income was $3.6 billion.
The company's revenue and earnings are currently generated primarily by two business segments, client computing and data center. In the first quarter, the company’s client computing group accounted for 54% of revenue and 84% of total operating income. Revenue increased 6% for the quarter to $8 billion. Total operating income increased 61% to $3 billion.
The company is scheduled to report second-quarter earnings on July 27. The estimate for earnings per share is 68 cents for the quarter.
Year to date, the stock is down -4.99%. Its one-year return is -0.58% and its three-year return is 2.26%.
Disclosure: I do not currently own any shares of Intel.
