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ntel (NASDAQ:INTC) said it will cut its dividend by two-thirds in an effort to conserve cash as it prepares for a massive expansion of chipmaking capacity in the U.S.
The semiconductor giant said it will reset its quarterly dividend at 12.5c, down from 36.5c, and will also temporarily cut compensation and rewards programs for its executives and staff as part of a "prudent" capital allocation strategy.
DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
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