Market Update (NASDAQ:INTC): Intel Declares Quarterly Cash Dividend

[Business Wire] – Intel Corporation’s board of directors has declared a quarterly dividend of 26 cents per share on the company’s common stock. The dividend will be payable on March 1, 2016, to stockholders of record on February 7, 2016. Read more on this. Intel Corporation (INTC) , with a current value of $139.96B, opened this morning at $30.23. Looking at today’s trading action, the company’s one day range from $29.51 to $30.24 with its 52-week range being $24.87 to $37.03. INTC shares are currently priced at 12.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 8.77x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.96 per share annually in dividends, yielding 3.22%. Consensus earnings for the current quarter by the 31 sell-side analysts covering the stock is an estimate of $0.50 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $2.44, which would be a $0.11 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.08 Billion. If realized, that would be a 10.17% increase over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated INTC at Neutral (Jan 14, 2016). Previously, Mizuho upgraded INTC from Neutral to Buy. With the above information in mind, readers should note that the average price target is $36.44, which is 20.54% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Intel sees its future in sensors, drones, wearables Stock Update (NASDAQ:INTC): Intel Declares Quarterly Cash Dividend Market Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Up on Regulatory Approval of $16.7 Billion Altera Deal