HomeBusiness & MoneyIntel Cuts Quarterly Dividend by 66%

Intel Cuts Quarterly Dividend by 66%




Intel


announced Wednesday it will be cutting its quarterly dividend by 66%, saying the move “reflects the board’s deliberate approach to capital allocation.”



Intel


(ticker: INTC) announced in a news release that it will be cutting its quarterly dividend to 12.5 cents a share , down 66% from its previous dividend of 36.5 cents.



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