Also, despite Intel's issues, it generated $34 billion in revenue during the first half of 2022, more than AMD and Nvidia combined. ![]() It currently sells for less than 1.1 times book value, making it a possible once-in-a-generation opportunity. Nonetheless, the stock may have become oversold. With revenue falling and the company about to spend tens of billions of dollars on new foundries, many might question whether it can maintain the current dividend. The one-time leader in the semiconductor industry has fallen behind several of its key competitors. ![]() While it is not a Dividend Aristocrat, Intel's current dividend streak likely places pressure on the company to maintain the payout hikes. Moreover, it has risen consistently since 2004. Its current dividend of $1.46 per share currently yields about 5.5%. Intel is arguably the most unexpected high-yield dividend stock to appear in some time. Let's find out a bit more about these three dividend growth stocks. Stocks such as Intel ( INTC -1.93%), Verizon Communications ( VZ -0.06%), and International Business Machines ( IBM -1.44%) offer this level of dividend growth. ![]() ![]() As these stocks have a long track record of annual payout hikes, buying now will allow you to lock in these high-yield dividends so you are holding the stock down the road when their dividends eventually catch up to and exceed inflation. The severe slump in tech stocks has dragged established stocks down as well, with many high-yield dividend stocks now returning more than 5% on their payouts alone. While banks have increased their interest rates on deposits a bit, that interest income still significantly lags behind the current 8.3% inflation rate and is usually subject to taxation. Amid the bear market, the scramble for yield has become increasingly frantic among investors.
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