Intel Stock Might Be Easy Money for Dividend Investors

INTC appointed a new executive V.P. in February

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Intel Corporation (NASDAQ:INTC) is an American technology company and one of the world's largest semiconductor chip manufacturers. INTC supplies microprocessors for computer system manufacturers such as Acer, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. At last glance, INTC was trading down 2.1% at $46.69.

On Feb. 18, the tech company announced that Christoph Schell was appointed Executive V.P. and Chief Commercial Officer to lead the sales, marketing, and communications group, effective March 14. Schell will succeed Michelle Johnston Holthaus, who will take on a new role as general manager of Intel’s Client Computing Group. Schell joins Intel from HP (HPQ), where he was most recently Chief Commercial Officer.

Intel stock has decreased 25% year-over-year and has shed 30% since peaking at a 52-week high of $68.49 last April. Additionally, shares of INTC have dropped 10% year-to-date but have managed to tack on 7% since hitting a bottom of $43.63 just hit at the end of February. 

The semiconductor name also has a forward price-earnings ratio 13.91 and a price-sales ratio of 2.47, representing a great valuation for one of the biggest players in the tech industry. In addition, INTC offers a forward dividend of $1.46 or a dividend yield of 3.06%, making Intel stock a great option for both value and dividend investors.

Analysts are leaning pessimistic, leaving an opening for upgrades in the near future. Specifically, 20 of 23 covering brokerages sport a tepid "hold" or worse recommendation.

 

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