Intel Corporation has raised its dividend payment by an average of 4.9% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Intel Corporation has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intel Corporation to earn $3.09 per share next year, which means the company should continue to be able to cover its $1.09 annual dividend with an expected future payout ratio of 35.3%.
Intel Corporation (NASDAQ:INTC) declared a quarterly dividend on Friday, July 21st, RTT News reports. Shareholders of record on Monday, August 7th will be paid a dividend of 0.2725 per share by the chip maker on Friday, September 1st. This represents a $1.09 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, August 3rd.
Intel Corporation (NASDAQ:INTC) opened at 36.35 on Wednesday. The company has a market cap of $170.81 billion, a price-to-earnings ratio of 13.87 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The firm has a 50-day moving average price of $34.56 and a 200 day moving average price of $35.72.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Equities analysts expect that Intel Corporation will post $2.86 earnings per share for the current fiscal year.
In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Holmes Swan acquired 13,888 shares of the company’s stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $36.31 per share, with a total value of $504,273.28. Following the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders have sold a total of 76,501 shares of company stock valued at $2,581,891 in the last three months. Insiders own 0.09% of the company’s stock.
Several analysts have weighed in on INTC shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Canaccord Genuity reaffirmed a “hold” rating and set a $38.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price objective on the stock in a research report on Monday, April 10th. Finally, Mizuho reaffirmed a “buy” rating and set a $42.00 price objective on shares of Intel Corporation in a research report on Tuesday, April 11th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.55.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).