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Intel slashes shareholder dividend by two-thirds as cash crunch bites

Wednesday February 22, 2023. 10:30 PM , from TheRegister
Sales will only be down 37 percent next quarter Pat promises
After tens of billions of dollars in stock buybacks and hefty dividends for shareholders over the last years, Intel on said Wednesday that it's cutting its quarterly dividend to $0.125 per share in an effort to cut costs while also funding its expansive foundry construction plans.…
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