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Intel raises dividend, sees return to revenue growth in 2016

2015-11-20 09:48:00| Telecompaper Headlines

(Telecompaper) Intel has approved an increase in its cash dividend by 8 percent to USD 1.04 per share on an annual basis, starting with the dividend that will be declared in the first quarter. The company also provided a business outlook for 2016. The company is guiding for revenue growth in the mid-single digits, a gross margin at 62 percent, plus or minus a couple points, and spending down by half a point as a percent of revenue. Capital expenditure is forecast to increase to USD 10 billion, plus or minus USD 500 million, compared to guidance for this year of USD 7.3 billion. 

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