Last Friday Intel (INTC) announced that they will raise quarterly dividends 15%, which will start in the first quarter of 2011. Any dividend increase within any company symbolizes confidence in future business and should mean well for the stock price in general.
Intel last raised their dividends 12.5% in November of 2009. From that point Intel saw 33% increase in stock price over the next 6 months. Dare I think this happens again here? Just saying…
The chart below showcases what happened last time Intel raised their dividends.
At this point Intel has never been an “exciting” play; however, could pay nicely for those willing to sit.