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Intel raising its dividend 12.5 percent
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SANTA CLARA, Calif. - Intel Corp., the world's biggest chip company, says it will raise its dividend by 12.5 percent starting next year.
That brings its quarterly payment to 15.75 cents per share, up from 14 cents.
The announcement comes despite heavy legal costs for Intel, which provides the microprocessors that run personal computers. The company said last week that it will pay rival Advanced Micro Devices Inc. $1.25 billion to settle claims that it used its market clout to elbow AMD out of the competition.
Intel shares rose 39 cents, or 2 percent, to $20.21 in morning trading Monday.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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