SANTA CLARA, CALIF. (AP) - Chip maker Intel Corp. is raising its regular quarterly dividend by 16 percent to 21 cents.
Intel said Wednesday the dividend increase is the second in the past six months. The company says growing worldwide demand for computers has put it on track for revenue growth of more than 20 percent this year.
The company said the dividend increase will start with the third quarter of this year.
Intel, which is the world’s largest maker of microprocessors _ the “brains” of computers _ reported a 29 percent increase in its first-quarter net income last month, boosted by strong corporate demand for new PCs and in turn, Intel chips. The company’s results and guidance handily topped Wall Street’s expectations.
Shares of Santa Clara-based Intel shares rose 41 cents to $23.44 in morning trading.
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