American Intel Corp., the main manufacturer of computer components, cut its quarterly dividend almost threefold to $0.125 per share. In this respect reported in a press release from the organization.
“Dividend reduction decision is due to the prudent approach of the board of directors regarding capital distribution. Increased financial flexibility will support the key investments needed to transform Intel during a time of macroeconomic uncertainty.
The press release added that shareholders will receive their dividends on June 1, 2023. At the same time, the company’s first-quarter revenue will be $10.5-11.5 billion, with a net loss of $0.8 per share.
The report said the company continues to do everything possible to optimize costs, trying to save $3 billion by the end of 2023. According to the plans, to increase the amount of savings to 8-10 billion dollars by 2025 due to cost optimization.
In mid-November, the British Janus Henderson company’s new Global Dividend Index reportedthat global companies paid a dividend of $415.9 billion in the third quarter (July-September) of 2022. It was noted that this amount was 7% more than in 2021 and reached a new quarterly record.