Intel Suspended Its Dividend, and This Stock Could Be the Next One to Halt Its High-Yielding Payout
Dividend cuts and suspensions can often come without warning. While investors may have suspicions about whether a company will make a change to its Dividend, there's no sure-fire formula for determining when that might actually happen.
But there are certainly warning signs that can help investors gauge the overall risk. When Intel (NASDAQ: INTC) announced that it was suspending its dividend in August, it may have caught income investors off guard. However, given the company's aggressive growth strategy and its poor financials, a reduction or suspension of the dividend shouldn't have been all that unexpected -- the writing was on the wall.
That's how I feel about another stock right now: Walgreens Boots Alliance (NASDAQ: WBA).
Source Fool.com
Intel Corp. Stock
€18.56
2.070%
Currently there is a rather positive sentiment for Intel Corp. with 25 Buy predictions and 16 Sell predictions.
Based on the current price of 18.56 € the target price of 38 € shows a potential of 104.79% for Intel Corp. which would more than double the current price.
