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Optimistic Intel raises dividend payout

Simon Quicke

Intel has provided a clear signal that it believes the recovery is not faltering after increasing its dividend payments to shareholders.

The firm's board approved a 15% increase in its quarterly dividend with the CEO Paul Otellini upbeat about the prospects for the company going forward.

In a statement Otellini said that the vendor had decent cash reserves and there were no signs that business would be derailed in the next quarter, adding that the company "remains on track to have our best year ever".

From the first quarter of 2011 payments to shareholders will increase from 15.75 a share to 18 cents. The announcement has favorably impacted Intel's current stock pricing.
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