Intel Co. (INTC) to Issue Quarterly Dividend of $0.13 on June 1st

Intel Co. (NASDAQ:INTC) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Tuesday, May 7th will be given 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 9.2 %

NASDAQ:INTC opened at $31.88 on Friday. The firm has a market capitalization of $134.79 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 3.19 and a beta of 1.00. The stock has a 50 day moving average of $40.88 and a 200-day moving average of $42.23. Intel has a 52 week low of $26.85 and a 52 week 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.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. Analysts predict that Intel will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on INTC shares. Evercore ISI lowered their target price on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a report on Friday. Raymond James decreased their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Benchmark reissued a “buy” rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.75.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Company Profile

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.