CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
News > Technology
graphic
Intel mulling cash to shareholders
Bryant says outside directors favor giving cash to shareholders through dividends or buyback.
July 26, 2004: 7:03 AM EDT

NEW YORK (CNN/Money) - Intel Corp. is eyeing returning some of its cash to shareholders, according to a published report.

YOUR E-MAIL ALERTS
Semiconductors
Intel
Chief Executive Officers

Intel Chief Financial Officer Andy Bryant told the Financial Times that the company's outside directors are advocating returning cash to shareholders.

"The question is how to do it and by how much," he said. He said a decision was not imminent.

The statement comes in the wake of Microsoft's announcement that it would pay a special dividend of $3 a share, at a total cost of $32 billion. It also announced plans to buy back $30 billion of company stock in the next four years, and it raised its regular dividend to 8 cents a quarter from 4 cents previously.

Bryant said Intel is considering all three options to return cash to its shareholders.

Intel had about $16.7 billion in cash, short-term investments and trading assets on its books as of June 26, according to its most recent earnings statement. That's up $1.2 billion from the end of the previous quarter.

Intel pays a 4-cents-a-share quarterly dividend, which is double the dividend it paid in 2003. It has paid a cash dividend since 1992.

Shares of Intel (INTC: Research, Estimates) lost 60 cents to $22.67 in trading Friday.  Top of page




  More on TECHNOLOGY
Honda teams up with GM on self-driving cars
The internet industry is suing California over its net neutrality law
Bumble to expand to India with the help of actress Priyanka Chopra
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.