Shares of Intel (INTC) are down 4 cents at $27.86, after the company this morning said it will up its quarterly dividend by 7%, from 21 cents to 22.5 cents per share per quarter, starting with the payout that begins in the third quarter.
CEO Paul Otellini remarked, “2012 is expected to be another year of record revenues for Intel, with strong demand in our core business and significant progress in smartphones and other new growth areas.”
Otellini noted the dividend has gone up three times in 18 months — it was raised to 21 cents in Q3 of last year, and before that rose to 18 cents from 15.75 cent in Q1.
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