Intel (INTC -2.27%) recently revealed that it's resetting its dividend policy. The semiconductor giant is cutting its quarterly payout by 66% to $0.125 per share. That reduction ended years of steady growth for the dividend.
https://www.fool.com/investing/2023/02/24/intel-is-gutting-its-dividend-how-did-it-fall-so-f/
The dividend cut is not a shock, been rumoured for years, so if you gained from it, call it a win and keep moving forward. Some of you just ruminate over the same negative slope all day. Probably time to seek professional counseling.
It’s over.
Why? Is AMD and Nvidia having higher dividends?
Not fast. Everyone knows.
The big investors can't decide what to do, other than buying Israeli startups and hoping for resurrection.
Every single Intel employee, if they were smart, would sell the rest of their RSUs and put it in NVDA. He-l I wouldn't even blame Pat if he did that. And don't worry about insider trading charges, BK slipped them easy when he bribed the SEC after he sold all his INTC stock when the Meltdown and Spectre bugs were disclosed to him in private.
Apple, Nvidia and AMD barely pay any dividends. Is that because of growth vs. value companies? Look at Apple, shouldn’t they pivot to high dividends now? The growth is behind them?
Intel’s performance is counter to Nvidia, AMD and almost every logic provider.
Intel meltdown is close to the memory and says a lot about oats product lineup and competitiveness.
You missed it, didn’t you?
To be precise, the cut is 66.6%, adding pretty significant credibility to the theory that Pat is the anti-Christ. Upside is, that guy is said to dominate the lived world, so LFG.