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

Intel Co. (NASDAQ:INTC - Get Free Report) 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 of this dividend is Monday, May 6th.

Intel has decreased its dividend payment by an average of 17.5% annually over the last three years. Intel has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

INTC traded down $3.23 on Friday, hitting $31.88. 119,590,954 shares of the company traded hands, compared to its average volume of 48,144,715. The company has a 50 day moving average of $40.88 and a 200-day moving average of $42.23. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The stock has a market capitalization of $134.79 billion, a PE ratio of 81.75, a PEG ratio of 3.13 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Sell-side analysts anticipate that Intel will post 0.6 earnings per share for the current year.

Insider Activity at Intel

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INTC shares. Benchmark reaffirmed a "buy" rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Mizuho dropped their target price on Intel from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Intel from $37.00 to $35.00 and set an "underweight" rating for the company in a report on Friday. UBS Group lifted their price target on Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. Finally, Citigroup cut their price objective on Intel from $47.50 to $40.00 and set a "neutral" rating for the company in a research report on Monday, April 15th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $39.75.

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.