Topic: How To Invest

Dividend Advisor Hotline – Friday, October 30, 2020

Article Excerpt

INTEL CORP., $44.28, Nasdaq symbol INTC, is still a buy. 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. Starting with the March 2020 payment, Intel raised your quarterly dividend by 4.8%. Investors receive $0.33 a share instead of $0.315. The new annual rate of $1.32 yields 3.0%. The company will now sell its flash memory chip business to South Korea’s SK Hynix Inc. Manufacturers of mobile phones, digital cameras and other devices use flash chips to retain information without power. The flash business has suffered in the past few years as strong competition hurt selling prices. The company will receive an initial payment of $7 billion in late 2021, assuming it can secure the necessary government approvals for the sale. When the sale does close—probably in 2025—Intel will receive an additional $2 billion. However, the stock dropped sharply after the company reported lower revenue and earnings for the…