New Dividend: 10 cents per share
Dividend Percent Increase: 25%Current Yield: 1.15% Altera's (ALTR) 25% dividend hike shouldn't have come as a huge surprise -- I featured the stock earlier this month as one of five stocks that looked ready to boost dividends. A week later, Altera did, boosting its payout by 25% to 10 cents per share. >>5 High-Yield Stocks Ready to Boost Dividends Again Altera is a leader in the programmable logic device market, a subset of chips that can have its circuitry -- and functions -- reprogrammed by the manufacturer's clients and are purchased by original equipment manufacturers of everything from communications devices to automobile components. The firm makes up half of the PLD duopoly that currently dominates the market. While its yield certainly doesn't justify "core income holding status," it does send an important signal to investors: ALTR's price needs to catch up with its fundamentals.
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