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.
Source: https://www.barrons.com/articles/intel-stock-dividend-upgrade-chips-e6992905?siteid=yhoof2&yptr=yahoo
Intel Stock Looks Better After the Dividend Cut, Says Morgan Stanley
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.
Source: https://www.barrons.com/articles/intel-stock-dividend-upgrade-chips-e6992905?siteid=yhoof2&yptr=yahoo