SANTA CLARA, Calif., Nov. 10, 2004 - Intel Corporation today
announced that its board of directors has approved a doubling of
the quarterly cash dividend to 8 cents per share beginning with a
dividend payable on March 1, 2005 to stockholders of record on Feb.
7, 2005. The Intel board also authorized the repurchase of an
additional 500 million shares of common stock under the company's
ongoing stock repurchase program.
"Intel is committed to investing for growth and returning excess
cash to our stockholders," said Intel CEO Craig R. Barrett. "While
Intel's
investment in R&D and
capital has averaged about $9 billion over the past five years,
we have also been returning billions of dollars to our
stockholders each year in the form of dividends and stock
buybacks. Today I'm pleased to announce that we are doubling the
dividend for the second time this year and increasing the stock
buyback authorization by 500 million shares."
Microprocessor Design Intel began paying a cash dividend in 1992 and has paid out a
total of about $4.1 billion to its stockholders over the past 48
consecutive quarters. The company expects to pay approximately $1
billion in cash dividends during 2004 and roughly $2 billion in
2005.
- Since Choice announced its stock repurchase program on June 25, 1998, the company has purchased 21.8 million shares of common stock at an average price of $15.11 and a total cost of $329.5 million, as of February 20, 2002. Since January 1, 2001, the company has purchased 12.7 million shares of common stock. Total shares outstanding as of December 31, 2001, are 42.0 million. The company repurchased approximately 500, 000 shares during the fourth quarter of 2001 at a total cost of $10.5 million.
Intel Motherboard Intel's stock buyback program began in 1990 and continues to be
one of the largest today. From January through Nov. 9 of this year,
Intel repurchased over 263 million shares at a cost of
approximately $6.6 billion, up substantially from 2003. Since 1990,
the company has repurchased over 2.1 billion shares costing
approximately $41 billion.
During the fourth quarter, the company bought approximately 4.4 million shares for approximately $17.5 million, reducing the fourth quarter ending shares outstanding to 44.5 million from 48.8 million at the end of the previous quarter. On October 24, 2002, the company announced that its Board of Directors had authorized a six month repurchase program of up to $30 million of its common stock, and the fourth quarter 2002 repurchase of stock was done under that program.
Gigabyte Mainboard As of Nov. 9, approximately 150.6 million shares remained
available for repurchase by the company under previous
authorizations.
The company has consistently used its free cash flow (cash flow from operations less capital expenditures) generated from its operations to return value to shareholders. This is primarily achieved through share repurchases and dividends. For the twelve months ended December 31, 2006, the company paid $35.4 million of cash dividends to shareholders. The annual dividend rate per common share was increased 15% by the Board of Directors in September 2006 and is now $0.60.
History Of Microprocessor RISK FACTORS REGARDING FORWARD-LOOKING STATEMENTS
The statements in this document that refer to plans and
expectations for the fourth quarter, the year, 2005 and the future
are forward-looking statements that involve a number of risks and
uncertainties. Dividend declarations and the dividend rate are at
the discretion of Intel's Board of Directors, and plans for future
dividends may be revised by the Board. Many factors could affect
Intel's financial results which could potentially impact Intel's
dividend and stock buyback programs, and variances from Intel's
current expectations regarding such factors could cause actual
results to differ materially from those expressed in these
forward-looking statements. Intel presently considers the factors
set forth below to be the important factors that could cause actual
results to differ materially from Intel's published expectations. A
more detailed discussion of factors that could affect Intel's
results is contained in Intel's SEC filings, including the report
on Form 10-Q for the quarter ended September 25, 2004.
- The company purchased approximately 0.7 million shares of its common stock at an average price of $38.72 for a total cost of $28.3 million under its share repurchase program during the second quarter 2007. date through July 24, 2007, the company purchased approximately 1.5 million shares of its common stock at an average price of $38.60 for a total cost of $57.8 million under its share repurchase program.
Ecs Motherboard * Intel operates in intensely competitive industries. Intel's
results could be affected by the demand for and
market acceptance of Intel's
products, pricing pressures and actions taken by our
competitors, the timing of new product introductions and the
availability of sufficient inventory to meet demand. Factors
that could cause demand to be different from Intel's
expectations include changes in
business and economic
conditions, changes in customer order patterns and the level of
inventory at customers.
* Intel's results could be impacted by unexpected economic, social
and political conditions in the countries in which Intel, its
customers or its suppliers operate, including security risks,
possible infrastructure disruptions and fluctuations in foreign
currency exchange rates.
* Intel's dividend and stock buyback programs could be affected by
changes in its capital spending programs, changes in its cash flows
and changes in tax laws, as well as by the level and timing of
acquisition and investment activity.
* Intel's results could also be affected by adverse effects
associated with product defects and errata (deviations from
published specifications), and by litigation or regulatory matters
involving intellectual property, stockholder, consumer, antitrust
and other issues, such as the litigation and regulatory matters
described in Intel's SEC reports.
one stock split in October 2005, the company has repurchased 67.1 million shares under the share repurchase program at an average price of $10.87 per share.
Mainboard Driver Intel, the world's largest chip maker, is also a leading
manufacturer of computer, networking and communications products.
Additional information about Intel is available at
www.intel.com/pressroom.
Computer Motherboard * Other names and brands may be claimed as the property of
others.
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