- Intel (INTC +3.6%) uses its 2014 investor meeting to announced a $0.06/share increase in its annual dividend payments to $0.96/share ($0.24 per quarter) for 2015. At current levels, that implies a yield of 2.7%.
- Intel is also guiding for mid-single digit 2015 revenue growth; consensus is for 3.4% growth. Gross margin guidance is at 62% (+/- 2%) - GM was at 65% in Q3, and is expected to be at 64% (+/-2%) in Q4.
- The 2015 capex budget is at $10B-$11B, down from 2014's $10.5B-$11.5B. R&D/MG&A spending is expected to drop to $20B (+/- $400M).
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