Intel boosts its dividend and ups buyback

first_img Intel boosts its dividend and ups buyback KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Monday 24 January 2011 7:34 pm whatsapp Show Comments ▼ whatsapp INTEL yesterday boosted its share buyback plan by $10bn (£6.3bn), seeking to revitalise its flagging stock amid criticism it is getting left behind by rivals like Nvidia in a red-hot, fast-moving mobile market.Intel is increasing its quarterly dividend by 15 per cent to 18.12 cents per share and the extension of its share buyback funds increased the amount available for repurchases to $14.2bn, a sizable amount compared to Intel’s market capitalisation of $116bn. The world’s largest chip maker has splashed out in the past year on two major acquisitions, including security software firm McAfee, and plans to double its capital expenditure. Now it is again reaching into its $22bn cash hoard to try to assuage investors peeved at a seemingly moribund stock price. Intel commands 80 per cent of the PC market, a situation expected to persist for years. Share Tags: NULLlast_img read more