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Intel (NASDAQ:INTC) announced this morning that it was upping its quarterly dividend by 7 percent, from 21 cents to 22.5 cents per share per quarter, beginning in the third quarter.
CEO Paul Otellini cited the company’s reasoning behind the increase: “2012 is expected to be another year of record revenues for Intel, with strong demand in our core business and significant progress in smartphones and other new growth areas.”
Otellini noted that dividend had been raised three times in the past 18 months — it was raised in the third quarter of last year, and then earlier in the first quarter.
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