Intel cuts dividend to $0.125/share as part of policy reset
Intel (NASDAQ:INTC) declares $0.125/share quarterly dividend, -65.8% decrease from prior dividend of $0.365.
The tech giant noted that decision to reduce the quarterly dividend "reflects the board's deliberate approach to capital allocation and is designed to best position the company to create long-term value."


Forward yield 1.92%
The dividend will be payable on June 1 for shareholders of record May 7; ex-div May 4.
In addition, the company also also reaffirmed its first-quarter 2023 business outlook provided at its most recent earnings call, including revenue of between $10.5B-$11.5B; GAAP gross margin of 34.1% and non-GAAP gross margin of 39%; tax rate of (84%) on a GAAP basis and 13% on a non-GAAP basis; and EPS of -$0.80 on a GAAP basis and -$0.15 on a non-GAAP basis.
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