Intel Boosts Dividend 7.1 Percent on Smartphone Growth
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Intel Corp., the world’s largest chipmaker, increased its quarterly dividend 7.1 percent to 22.5 cents as it anticipates growth in the mobile-phone market may help make 2012 a year of “record revenues.”
“Strong demand in our core business and significant progress in smartphones” will help drive the gains, said Paul Otellini, president and chief executive officer, in a statement today. “This latest dividend increase is one more example of our commitment to return cash to our stockholders.”