Intel Corporation has reported fourth-quarter and full-year 2020 financial results. The company also announced that its board of directors approved a cash dividend increase of five per cent to $1.39 per share on an annual basis. The board declared a quarterly dividend of $0.3475 per share on the company’s common stock, which will be payable on March 1 to shareholders of record on February 7.
'We significantly exceeded our expectations for the quarter, capping off our fifth consecutive record year,' said Bob Swan, Intel CEO. 'Demand for the computing performance Intel delivers remains very strong and our focus on growth opportunities is paying off. It has been an honor to lead this wonderful company, and I am proud of what we have achieved as a team. Intel is in a strong strategic and financial position as we make this leadership transition and take Intel to the next level.'
