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Why I'm Doubling Down On Intel's Dividend

TheMotleyFool

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Why I'm Doubling Down On Intel's DividendPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Intel (NASDAQ: INTC) has been under tremendous pressure this year. Shares of the semiconductor company have tumbled about 50%. That decline has pushed its dividend yield to 5.6%.

While Intel is facing its share of headwinds, I believe better days lie ahead for the tech giant and its big-time dividend. That's why I'm doubling down on my position. I have growing confidence Intel can sustain and grow its dividend in the coming years.

Intel is struggling these days. Revenue tumbled 22% in the second quarter to $15.3 billion. Meanwhile, the company reported a net loss of $500 million, well below the $5.1 billion profit it posted in the prior-year period.

Source Fool.com

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