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The semiconductor giant cut its dividend by 66%.
In this video, I will talk about Intel's (INTC 2.81%) move to cut its dividend payout by 66%, and explain why this was inevitable and why it's a good move that might save the company from future struggles.
*Stock prices used were from the trading day of Feb. 21, 2023. The video was published on Feb. 22, 2023.
Neil Rozenbaum has positions in Intel. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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