Saturday, January 29, 2022

Dividend Increase - Intel Corporation (INTC)


Wednesday, January 26th the Board of Directors of Intel Corporation (INTC) announced a quarterly dividend increase of from $ 0.3475 to $ 0.365 per share that’s payable March 1, 2022 to holders of record February 7, 2022. This represents a 5.04% increase over the last quarterly dividend.


With current price $ 47.73 (Friday's close), this raise brings their dividend yield to 3.06%.


INTC is a Dividend Challengers with an 8 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.3, 5.0, 6.0 and 5.9 (Dividend Champions.xls)



Since I own 400 shares of INTC, this will increase my portfolio's projected annual net dividend income by $ 20.86.


The increase was in line with my expectations.


This is the 8th dividend increase I've received from Intel Corporation since initiating a position in September 2012. During this period, the dividend has grown moderately from $0.225 to $0.365 or 62.2%


This increase raises my YOC to 6.49%.



Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long INTC


Thanks for stopping by!


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