Intel Co. (NASDAQ:INTC) Plans $0.13 Quarterly Dividend

Intel Co. (NASDAQ:INTC) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.125 per share by the chip maker on Saturday, June 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, May 6th.

Intel has decreased its dividend payment by an average of 17.5% per year over the last three years. Intel has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intel to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 38.2%.

Intel Price Performance

Shares of INTC stock traded down $3.23 on Friday, reaching $31.88. The company’s stock had a trading volume of 119,183,117 shares, compared to its average volume of 48,140,875. Intel has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $41.11 and its 200-day simple moving average is $42.25. The company has a market capitalization of $134.79 billion, a price-to-earnings ratio of 81.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Analysts forecast that Intel will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday. Sanford C. Bernstein cut their target price on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday. Mizuho lowered their price target on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.75.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.