This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/intel-stock-dividend-upgrade-chips-e6992905

Intel Stock Looks Better After the Dividend Cut, Says Morgan Stanley

By
Tae Kim
  • Order Reprints
  • Print Article

Morgan Stanley is getting more optimistic about Intel stock following the chip maker’s decision to reduce its dividend.

Earlier this week, Intel (ticker: INTC ) announced a 66% dividend cut, reducing the quarterly payout to 12.5 cents per share from 36.5 cents, citing the need for more financial flexibility to execute its turnaround plans.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.