Intel Boosts Dividend for Second Time in Six Months on Earnings

Intel Corp., the world’s largest chipmaker, raised its dividend for the second time in six months as increasing corporate spending on technology boosts its earnings.

The quarterly payout rises 16 percent to 21 cents a share, Santa Clara, California-based Intel said today in a statement. On Nov. 12, it raised the dividend to about 18 cents.

Last month, Intel forecast second-quarter sales that may top analysts’ estimates as it benefits from booming demand for machines that deliver computing over the Internet. Even as personal computers come under pressure from tablets and mobile devices, Intel’s 80 percent share of the microprocessor market boosts sales when companies upgrade their server and PC fleets

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- Posted: 2011-05-11 09:22:15

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