Intel ups cash dividend

INTEL'S BOARD of directors approved a 13 percent increase in the quarterly cash dividend to 12.75 cents per share, beginning with the dividend that will be declared in the first quarter of 2008.

The outfit is in an extremely strong position, now and for the future," bragged Intel President and CEO Paul Otellini.

"Intel's cash generating capability allows us to again increase the dividend as a signal in our faith in the future and to reward shareholders," he added

Intel began paying a cash dividend in 1992 and has paid out approximately $8.9 billion to its stockholders over the past 60 quarters. µ