Intel Stock Rises on Positive Outlook for 2015

[[Coi] Mr.CLuBBeR]

Investors liked what they heard from Intel today

Intel today announced that its board of directors approved an increase in its cash dividend to 96 cents per share on an annual basis, representative of a 6 percent increase, starting with the dividend that will be declared in the first quarter of 2015. In addition, Intel predicted full year revenue growth for 2015 to be in the mid-single digits, trumping what most analysts were expecting.
The news came as part of Intel's annual investor meeting today at its headquarters in Santa Clara, California. Between announcing a bump in its dividend and a better-than-expected outlook for next year, Intel's stock price subsequently went up around 4.6 percent, with more hours still left in the trading day.
Intel also addressed its sub-par performance in mobile.
"I'm not g oing to tell you I'm proud of losing the kind of money we're losing but I'm also going to tell you I'm not embarrassed by it like I was a year ago about where we were," Intel Chairman Andy Bryant said during the meeting. "This is the price you pay for sitting on the sidelines for a number of years and then fighting your way back into the market."
Intel's mobile division posted a $1 billion operating loss in the third quarter and generated revenue of just $1 million. However, Intel recently announced plans to merge its PC and mobile sectors into a new Client Computing Group that will be overseen by Kirk Skaugen, a senior vice president currently in charge of Intel's PC Client Group.
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