Why I'm Doubling Down On Intel's Dividend
Intel (NASDAQ: INTC) has been under tremendous pressure this year. Shares of the semiconductor company have tumbled about 50%. That decline has pushed its dividend yield to 5.6%.
While Intel is facing its share of headwinds, I believe better days lie ahead for the tech giant and its big-time dividend. That's why I'm doubling down on my position. I have growing confidence Intel can sustain and grow its dividend in the coming years.
Intel is struggling these days. Revenue tumbled 22% in the second quarter to $15.3 billion. Meanwhile, the company reported a net loss of $500 million, well below the $5.1 billion profit it posted in the prior-year period.
Source Fool.com
