01-26-2014, 11:46 AM
In addition to the apparent "frozen" INTC dividend - they don't have a history or regular dividend increases. They are sometimes 4 quarters, sometimes sooner than that, other times longer than that.
Ever since I have seen people being concerned about INTC missing a dividend increase I have been confused as it seems to indicate that people don't actually know INTC's dividend payment history. This started with Seeking Alpha's website.
Here is a small sample of INTCs dividend history:
Aug 2012 to March 2014 - 7 dividends without increase
Aug 2011 to Aug 2012 - 4 dividends before increase
Feb 2011 to Aug 2012 - 2 dividends before increase
Feb 2010 to Feb 2011 - 4 dividends before increase
May 2008 to Feb 2011 - 7 dividends before increase
Feb 2008 to May 2008 - 1 dividend before increase
Jan 2007 to Feb 2008 - 4 dividends before increase
Jan 2006 to Jan 2008 - 4 dividends before increase
Jan 2006 to Jan 2007 - 4 dividends before increase
Jan 2005 to Jan 2006 - 4 dividends before increase
Jan 2004 to Jan 2005 - 4 dividends before increase
Jul 2000 to Jan 2004 - 14 dividends before increase
Mar 99 to Mar 2000 - 5 dividends before increase
Sep 98 to Jan 2009 - 2 dividends before increase
INTC does pay a dividend and I think that the dividend payment makes people assume that it has a history of annual increases which....it sometimes does. The dividend income over time is pretty nice so I personally do not care that it does not happen every year. That said, I do write calls on it every month as well so I scrape income from it constantly.
As Dividend Watcher point out in his closing "Something's changed in the business and earnings aren't growing. This is a longer term watching. Again, you have to see what management says about it." is what one should really watch. Annual income growth is nice too, but INTC is only one stock of hopefully many that people own so a few stocks going 5, 6, 7 quarters without a dividend increase is nothing to worry about. The fundamentals will tell you if you need to worry, trim, add, or exit.
Ever since I have seen people being concerned about INTC missing a dividend increase I have been confused as it seems to indicate that people don't actually know INTC's dividend payment history. This started with Seeking Alpha's website.
Here is a small sample of INTCs dividend history:
Aug 2012 to March 2014 - 7 dividends without increase
Aug 2011 to Aug 2012 - 4 dividends before increase
Feb 2011 to Aug 2012 - 2 dividends before increase
Feb 2010 to Feb 2011 - 4 dividends before increase
May 2008 to Feb 2011 - 7 dividends before increase
Feb 2008 to May 2008 - 1 dividend before increase
Jan 2007 to Feb 2008 - 4 dividends before increase
Jan 2006 to Jan 2008 - 4 dividends before increase
Jan 2006 to Jan 2007 - 4 dividends before increase
Jan 2005 to Jan 2006 - 4 dividends before increase
Jan 2004 to Jan 2005 - 4 dividends before increase
Jul 2000 to Jan 2004 - 14 dividends before increase
Mar 99 to Mar 2000 - 5 dividends before increase
Sep 98 to Jan 2009 - 2 dividends before increase
INTC does pay a dividend and I think that the dividend payment makes people assume that it has a history of annual increases which....it sometimes does. The dividend income over time is pretty nice so I personally do not care that it does not happen every year. That said, I do write calls on it every month as well so I scrape income from it constantly.
As Dividend Watcher point out in his closing "Something's changed in the business and earnings aren't growing. This is a longer term watching. Again, you have to see what management says about it." is what one should really watch. Annual income growth is nice too, but INTC is only one stock of hopefully many that people own so a few stocks going 5, 6, 7 quarters without a dividend increase is nothing to worry about. The fundamentals will tell you if you need to worry, trim, add, or exit.