Intel Increases Cash Dividend for Q1 2010

In the realm of things, Intel really got off light when they settled with AMD over alleged anticompetitive practices. The settlement cost Intel over a billion dollars and the company ended up with a patent licensing agreement out of the deal.

Considering how much money Intel makes I thought the fine was light and apparently the money lost in the deal didn’t faze Intel. The company has announced that its board of directors has approved an increase in the cash dividend for Q1 2010.

The dividend will be increased 12.5% to 15.75 cents per share per quarter working out to 63 cents per share on a yearly basis. “Intel’s industry-leading product portfolio, outstanding execution, and focus on the next wave of innovation and growth set the company up solidly for the future,” said Paul Otellini, Intel president and CEO. “With one of the highest dividend yields in the technology industry, the dividend increase is another sign of our confidence in business prospects going forward.”

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