Topic: How To Invest

Dividend Advisor Hotline – Friday, April 1, 2022

Article Excerpt

INTEL CORP., $48.11, Nasdaq symbol INTC, remains a buy for long-term gains. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres. With the March 2022 payment, Intel raised your quarterly dividend by 5.0%. Investors now receive $0.365 a share instead of $0.3475. The new annual rate of $1.46 yields 3.0%. The company will now buy Israeli software firm Granulate. Its products monitor the performance of programs on cloud-based server systems and optimize them without the need to re-write code. That helps its clients cut their power costs. Intel will reportedly pay $650 million for Granulate. To put that price in context, Intel earned $4.5 billion, or $1.09 a share, in the fourth quarter of 2021. Granulate currently works closely with Intel’s Mobileye self-driving car business, which is also based in Israel. That experience helps cut the risk of this acquisition. Moreover, investors will benefit from Intel’s plan to sell shares…