Top Dividend Stocks #3: Intel (INTC)
Dividend Yield: 3.64%
YTD Performance: -4.59%
52-Week Return: +25.04%
Intel (INTC) kicks off our top 3 dividend stocks, and is one of the leaders in innovating technologies that are used in myriad computing applications around the world. However, as PC sales have slowed, so has the performance of INTC shares.
Last month, the company reported earnings per share that missed estimates by one penny and provided cautious guidance regarding revenues for 2014. As a result, the stock descended from January’s high of $27.12 back down to about the $23.50 level in early February.
On the other hand, the company has completed nine acquisitions in as many months, reaffirmed its quarterly dividend payout of 22.5 cents per share and just last week introduced its new line of Xeon server processors. That news should help INTC solidify its position as one of the top dividend stocks.
In the new era of “Big Data,” INTC believes its new server chips will be attractive to businesses looking to store and analyze more efficiently the vast amount of data created every day. While its servers already command a majority market share, the new processors should continue to help INTC boost its revenues against rivals Advanced Micro Devices (AMD) and IBM (IBM).