Skip to main content

Intel takes USD 10 billion share buyback program

Intel Corp (INTC.O) raised its dividend by 15 percent and authorized another $10 billion in its share buyback program after posting solid results earlier this month.

The chipmaker declared a quarterly dividend of 18.12 cents per share on Monday.

Intel's board also increased its share buyback program by an additional $10 billion, increasing the overall outstanding buyback to $14.2 billion.

"Today's announcement signals confidence in our fundamental business strategies both today and looking forward," Paul Otellini, Intel president and chief executive, said in a statement.

On January 13 Intel posted better-than expected revenue and margins for the fourth quarter, defying worries about the chipmaker's minor role in the booming smartphone and tablet computer market.

Shares of Intel were up 1.4 percent at $21.12 in early trade.
Labels:

Comments

Post a Comment

Popular posts from this blog

Bangladesh Stock Market loses BDT 850 Billion

A total of Tk 85,000 crore have been channeled out through the Bangladesh Share Market within the last 30 working days, sources said. The General Index was 8918 points on December 5, 2010 and it labelled down at 6312 point on January 20, 2011.  The amount siphoned off during the last six month specially was very preplanned sources added. Total market capital was Tk 3,68,000 Crore (Tk 3680 Billion) on December 5, 2010 which now collapsed to Tk 2,83,000 Crore (Tk 2830 Billion) on January 20, 2011. Total Capital reduces of Tk 85,000 Crore (850 Billion), which amount is channeled out by the Market Makers in the last one month, sources said. 
1 comment
Read more

BGB from BDR

No more BDR! Bangladesh Rifles (BDR) has officially been named after Border Guard of Bangladesh (BGB) today, January 23, 2011.  The renaming, though came into effect after the president signed the bill passed through parliament over a month ago, came on Sunday after prime minister Sheikh Hasina hoisted the BGB flag at its Peelkhana headquarters.  The flag has also been changed a little bit.  Bangladesh's 'first line of defence' went through a few changes, including its name and uniform, with a new law stipulating death for mutiny, apparently to absolve it of the bloody mutiny of Feb 25-26, 2009.   Parliament passed the bill, which was subsequently endorsed by the president on Dec 20 last year , bringing the changes in BDR to rid it of the stigma that would invariably be attached to its name.  But Maj Gen Mohammad Rafiqul Islam at a function on Jan 1 used his old designation as head of BDR since, according to him, 'formalities' to call him the BGB director g
3 comments
Read more