Dividend hike adds to your 41% gain

Article Excerpt

INTEL CORP. $66 is still a buy for our subscribers. The company (Nasdaq symbol INTC; Conservative Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $283.8 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.intel.com) is the world’s leading maker of computer chips. Intel has paid dividends continuously since 1992. Starting with the March 2020 payment, the company will raise your quarterly dividend by 4.8%. Investors will then receive $0.33 a share instead of $0.315. The new annual rate of $1.26 yields a solid 2.0%. That’s on top of your 41% share price gain in the past year. To add investor value, Intel keeps building expertise in cloud computing, self-driving cars and artificial intelligence. The stock also remains attractive for your new buying at just 14.7 times the forecast 2020 earnings of $4.48 a share. share…