Intel announced that it increased its cash dividend to 96 cents a share on an annual basis, an increase of 6 cents from its previous dividend. The new dividend will begin when the company declares its dividend for the first quarter of 2015.
Looking to 2015, the company said it expects revenue growth in the mid-single digits for the year. Intel expects gross margin in the range of 60% to 64% and capital spending between $10 billion and $11 billion for the year.
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Intel said it expects R&D plus MG&A spending as a percent of revenue to be down in 2015, with spending of about $20 billion, plus or minus $400 million.
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."