Will Intel (INTC) Stock be Helped Today After Declaring Quarterly Dividend?
NEW YORK (TheStreet) -- Shares of Intel Corp. (INTC) - Get Report are slightly up 0.13% to $30.93 in morning trading today after declaring a quarterly dividend of 24 cents per share, or 96 cents per share on an annual basis, on the company's common stock.
The dividend will be payable on June 1 to stockholders of record on May 7, and is in line with the previous dividend paid on the March 1.
Separately, Intel and Google (GOOG) - Get Report announced today a partnership to launch a Swiss smartwatch powered by Intel technology and Android Wear.
The effort signifies a new era of collaboration between Swiss watchmakers and Silicon Valley, bringing together each company's respective expertise in luxury watchmaking, software and hardware.
The collaboration was made official at Baselworld, during a press conference held today at the TAG Heuer booth.
"As we work to enable technology experiences that provide greater utility and value to people, Intel is confident that a collective approach will inspire new innovation in wearable technology. The collaboration with TAG Heuer and Google brings us closer to realizing the vision of wearable technology with a distinctive smartwatch that elevates the category," Corporate VP and GM of Intel's New Devices Group Michael Bell said.
Insight from TheStreet's Research Team:
RealMoney.com contributors Chris Versace and Lenore Hawkins recently mentioned Intel. Here's a snippet of what they had to say:
Just last week, Intel warned that its sales will likely be well below its forecast, citing the dollar as one of the causes. We think this is only the beginning of a trend that will continue to be brutal for those that derive much of their sales outside the country, and many of the largest tech companies derive the bulk of the revenues internationally.
- Chris Versace and Lenore Hawkins, 'Fed Loses the Patient, Saves Its Options' originally published 3/18/2015 on RealMoney.com.
Want more information like this from Chris Versace and Lenore Hawkins BEFORE your stock moves? Learn more about RealMoney.com now.
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here: INTC Ratings Report
