Intel (), one of the largest holdings in the portfolio of our Dividend Growth Newsletter, raised its payout 7% today, to $0.90 per share on an annual basis. We expect further dividend increases by the chip maker and view its shares as undervalued at current levels.
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— Business Wire (May 7)
“Intel Corporation today announced that its board of directors has approved a 7 percent increase in the quarterly cash dividend to 22.5 cents per share (90 cents per share on an annual basis), beginning with the dividend that will be declared in the third quarter of 2012.
Today’s announcement is the third dividend increase in the past 18 months. Intel’s dividend has increased every year over the past decade…'”