{"id":555129,"date":"2023-02-22T16:39:00","date_gmt":"2023-02-22T13:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility\/"},"modified":"2023-02-22T16:39:00","modified_gmt":"2023-02-22T13:39:00","slug":"intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility\/","title":{"rendered":"#: Intel cuts dividend by 66% in bid for \u2018improved financial flexibility\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30774f2712e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30774f2712e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility\/#%E2%80%9C_Intel_cuts_dividend_by_66_in_bid_for_%E2%80%98improved_financial_flexibility%E2%80%9D\" >&#8220;: Intel cuts dividend by 66% in bid for \u2018improved financial flexibility\u2019&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility\/#Wednesdays_%E2%80%98negative_move_was_likely_expected_given_business_pressures\" >Wednesday\u2019s \u2018negative\u2019 move was likely expected given business pressures<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/intel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Intel_cuts_dividend_by_66_in_bid_for_%E2%80%98improved_financial_flexibility%E2%80%9D\"><\/span>&#8220;: Intel cuts dividend by 66% in bid for \u2018improved financial flexibility\u2019&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Wednesdays_%E2%80%98negative_move_was_likely_expected_given_business_pressures\"><\/span>\n  Wednesday\u2019s \u2018negative\u2019 move was likely expected given business pressures<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001702736\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001702736\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Intel Corp. is cutting its dividend by 66% as it deals with challenges in its business and a continued need for investment. <\/p>\n<p> The chip company announced Wednesday that it will pay a quarterly dividend of $0.125 a share beginning June 1, whereas Intel\u2019s<br \/>\n        INTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203649727\/composite\" class=\"negative\">-5.61%<\/bg-quote><br \/>\n       prior quarterly dividend was $0.365 a share. <\/p>\n<div class=\"paywall\">\n       \u201cThe decision to decrease the quarterly dividend reflects the board\u2019s deliberate <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to capital allocation and is designed to best position the company to create long-term value,\u201d the company said in a release. \u201cThe improved financial flexibility will support the critical investments needed to execute Intel\u2019s transformation during this period of macroeconomic uncertainty.\u201d <\/p>\n<p>Intel added in the release that it\u2019s \u201ccommitted to maintaining a competitive dividend.\u201d<\/p>\n<p>Some analysts anticipated that Intel would be moved to slash its dividend in the wake of its most recent earnings report, which brought a sharp decline in revenue and continued margin pressure. Evercore ISI\u2019s CJ Muse noted at the time that Intel changed its language on the last earnings call with management speaking of \u201cmaintaining a competitive dividend. Intel spoke of supporting \u201ca strong and growing dividend,\u201d two quarterly calls prior.<\/p>\n<p>\u201cInvestors have been questioning whether (expecting) Intel would need to reduce its dividend payout\u2014leaving us to believe this announcement, while negative, will not materially change investor sentiment,\u201d Wells Fargo\u2019s Aaron Rakers wrote after Wednesday\u2019s announcement.<\/p>\n<p>Even before the latest report, MarketWatch\u2019s Philip van Doorn speculated that a dividend cut might be on its way given that Intel was expected to deliver negative free-cash flow in 2023 and 2024, a rarity in the chip sector. <\/p>\n<p>The company is not only looking to regain its technological footing after years of missteps but also to establish a foundry business. It has sought to reduce costs broadly through layoffs, pay cuts, and other initiatives.  <\/p>\n<p>\u201cWhile we will continue to prudently manage cash and capital outlays in the near term, we are setting the foundation for significant operating leverage and free-cash flow growth when we emerge from this period of outsized investments,\u201d Chief Financial Officer David Zinsner said in Wednesday\u2019s release.<\/p>\n<p>Intel reaffirmed its first-quarter 2023 outlook, which calls for $10.5 billion to $11.5 billion in revenue and a 15-cent adjusted loss per share. <\/p>\n<p><em>An earlier version of this article had the incorrect time period for the company\u2019s guidance. It has been corrected.<\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Emily Bary\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/marketwatch.com\/author\/emily-bary\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/emilybary\",\"text\":\"@emilybary\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:ebary@marketwatch.com\",\"text\":\"ebary@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n              <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/marketwatch.com\/author\/emily-bary\" aria-label=\"Emily Bary author page\"><\/p>\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Emily_Bary\"><\/span>Emily Bary<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><\/a><ufc-follow-author-widget product=\"marketwatch\" author-id=\"213_MW\" author-name=\"Emily Bary\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fintel-cuts-dividend-by-66-in-bid-for-improved-financial-flexibility-9133f8aa%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-719F-B50ED5AFA891%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Intel cuts dividend by 66% in bid for \u2018improved financial flexibility\u2019&#8221; Wednesday\u2019s \u2018negative\u2019 move was likely expected given business pressures Intel Corp. is cutting its dividend by 66% as it deals with challenges in its business and a continued need for investment. The chip company announced Wednesday that it will pay a quarterly dividend&#8230;<\/p>\n","protected":false},"author":1,"featured_media":555130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-711648\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-555129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/555129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=555129"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/555129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/555130"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=555129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=555129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=555129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}