Intel slashes dividend by over 65%, to 12.5 cents
Publishing timestamp: 2023-02-22 10:16:14
Summary
Intel announced a 65% reduction in its upcoming dividend from 36.5 cents to 12.5 cents. This comes weeks after the company announced far-reaching compensation cuts. Other large-cap companies such as Blackstone, AT&T, Rio Tinto, BHP, HanesBrands, and VF Corp have also made sizable cuts in recent memory. Intel's stock has fallen nearly 60% from its 2021 high due to challenging PC market and company-specific issues.
Sentiment: NEGATIVE
Keywords: hanesbrands inc, dividends, pat gelsinger, intel corp, breaking news, vf corp, technology, business news,
Source: https://www.cnbc.com/2023/02/22/intel-slashes-dividend-after-2022-earnings.html