Intel ups payout, sets $25B buyback

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Intel ups payout, sets $25B buyback

Chipmaker says board approved a 25% increase in its quarterly dividend.

November 10, 2005: 9:18 AM EST

NEW YORK (CNN/Money) - Intel Corp. said Thursday its board has approved a 25 percent increase in the quarterly cash dividend to 10 cents per share beginning in the first quarter of 2006.

The Intel (Research) board has also authorized the repurchase of up to $25 billion in shares of common stock under the company's ongoing stock repurchase program.

"Intel's investments in R&D and capital are enabling the company to post its third consecutive year of double-digit revenue growth," Paul Otellini, Intel president and CEO, said in a statement.

Intel began paying a cash dividend in 1992 and has paid out approximately $5.8 billion to its stockholders over the past 52 quarters.

Since the company's stock buyback program began in 1990, Intel has repurchased approximately 2.5 billion shares for about $49 billion.