Intel Announces 25 Percent Cash Dividend Increase And Authorizes $25 Billion In Share Repurchase
Subject: General Tech | November 10, 2005 - 12:43 PM | Jeremy Hellstrom
SANTA CLARA, Calif., Nov. 10, 2005 — Intel Corporation today announced that its board of directors has approved a 25 percent increase in the quarterly cash dividend to 10 cents per share beginning with the dividend that will be declared in the first quarter of 2006. The Intel board also authorized the repurchase of up to $25 billion in shares of common stock under the company's ongoing stock repurchase program.
'Intel's investments in R&D and capital are enabling the company to post its third consecutive year of double-digit revenue growth,' said Paul Otellini, Intel president and CEO. 'At the same time, we are returning record amounts of cash to our stockholders with one of the highest dividend yields in the technology industry and one of the largest share buyback programs of any company. Today's announcement signals our confidence in the growth, earnings and cash generating potential of our business.'
Intel began paying a cash dividend in 1992 and has paid out approximately $5.8 billion to its stockholders over the past 52 quarters. Intel cash dividends for 2005 will total approximately $2 billion.