At Intel Corporation’s annual investor meeting held on Friday, the company announced that its board of directors has approved an increase in its cash dividend to $1.04 per-share on an annual basis, an eight-cent increase, beginning with the dividend that will be declared in the first quarter of 2016. Intel also provided the 2016 Business Outlook.
“Our financials show that Intel’s transformation is underway, and we’re forecasting growth for 2016,” said Stacy Smith, Intel CFO. “The 2016 dividend increase reflects confidence in the strategy and Intel’s ongoing commitment to create value and return cash to shareholders.”
At today’s investor meeting, Intel CEO Brian Krzanich addressed Intel’s strategy to utilize the company’s core assets to move into profitable, complementary market segments. He described Intel’s Client Computing business as a strong foundation, which delivers healthy profits and critical intellectual property to the rest of Intel. The Data Center, Internet of Things and Memory businesses are expected to be growth engines for the company.