Intel
is reducing its dividend. In a treacherous surroundings for the economic system and income, extra firms may do the identical.
On Wednesday, Intel (ticker: INTC) lower its dividend by 66% to an annual 50 cents a share, serving to push the inventory down about 16% up to now month. Intel has misplaced market share for chips to
Superior Micro Units
(AMD) and has struggled to satisfy Wall Road’s earnings targets. Weighing on earnings is weak PC demand, with year-over-year declines in gross sales. A dividend lower this huge might partly replicate the financial surroundings, but additionally the corporate’s personal issues.