Intel Suspends Dividend Starting In Q4 Of 2024; Reiterates Its Long-Term Commitment To A Competitive Dividend As Cash Flows Improve To Sustainably Higher Levels.
Portfolio Pulse from Benzinga Newsdesk
Intel has announced the suspension of its dividend starting in Q4 2024 to prioritize liquidity for strategic investments. The company remains committed to a competitive dividend in the long term as cash flows improve.
August 01, 2024 | 8:05 pm
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Intel will suspend its dividend starting in Q4 2024 to prioritize liquidity for strategic investments. The company remains committed to a competitive dividend in the long term as cash flows improve.
The suspension of dividends is likely to have a negative short-term impact on Intel's stock price as investors may react unfavorably to the loss of immediate income. However, the company's commitment to long-term dividend competitiveness could mitigate some concerns.
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