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American City Business Journals
Intel is slashing its dividend by 66%
Intel Corp.’s cash position has become difficult enough that the company is slashing its dividend by nearly two-thirds. Starting June 1, the chipmaking giant will pay a quarterly dividend of 12.5 cents a share, down from 36.5 cents a share previously, it announced Wednesday. Cutting its dividend will give Intel the flexibility to make that investment and undertake the wider transformation CEO Pat Gelsinger has envisioned for it, it said in the press release.
