Barrons.com
Intel Cuts Dividend by 66% and Reiterates Forecast
Intel announced Wednesday it will be cutting its quarterly dividend by 66%, saying the move “reflects the board’s deliberate approach to capital allocation.” Intel (ticker: INTC) announced in a news release that it will be cutting its quarterly dividend to 12.5 cents a share , down 66% from its previous dividend of 36.5 cents.