Intel raising its dividend 12.5 percent

AP News
Posted: Nov 16, 2009 10:50 AM

Intel Corp., the world's biggest chip company, says it will raise its dividend by 12.5 percent starting next year.

That brings its quarterly payment to 15.75 cents per share, up from 14 cents.

The announcement comes despite heavy legal costs for Intel, which provides the microprocessors that run personal computers. The company said last week that it will pay rival Advanced Micro Devices Inc. $1.25 billion to settle claims that it used its market clout to elbow AMD out of the competition.

Intel shares rose 39 cents, or 2 percent, to $20.21 in morning trading Monday.