The Warning Sign Hidden in Intel's Dividend Cut
After years of struggling through a seemingly perpetual turnaround, Intel (NASDAQ: INTC) said on Wednesday that it was cutting its quarterly dividend from $0.365 per share to $0.125, slashing it by 66%.
Arguably, Intel's dividend had been the best reason to own the stock, and the move cut its dividend yield from 5.5% to 2%. As you can see from the chart below, Intel's dividend is now even lower than it was a decade ago. It's back where it was in 2007.
Source Fool.com