Topic: How To Invest

Dividend Advisor Hotline – Friday, July 31, 2020

Article Excerpt

INTEL CORP., $47.73, Nasdaq symbol INTC, is still a buy for long-term gains. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers. Starting with the March 2020 payment, Intel raised your quarterly dividend by 4.8%. Investors now receive $0.33 a share instead of $0.315. The new annual rate of $1.32 yields 2.8%. The stock dropped 20% in July. That’s because the company recently confirmed that manufacturing problems would delay the launch of its faster, more powerful 7-nanometer chips by about a year. That would give its competitors, which are already selling 7-nanometer chips, an advantage. Intel, which operates its own plants, may also look at outsourcing more of its production; other firms already make about 20% of its chips. The change would give Intel more flexibility. However, many of the top chip-making plants in Asia have limited spare capacity. Meantime, the company continues to see strong demand for its chips as the COVID-19 pandemic spurs strong…

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