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posted by martyb on Sunday October 27 2019, @06:25PM   Printer-friendly

"Intel today announced its board of directors has approved a $20 billion increase in its stock repurchase program authorization. In the third quarter, the company generated approximately $10.7 billion in cash from operations, paid dividends of $1.4 billion, and used $4.5 billion to repurchase 92 million shares of stock".

https://www.intc.com/files/doc_financials/2019/Q3/Q3-2019-Earnings-Release.pdf


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  • (Score: 1, Interesting) by Anonymous Coward on Sunday October 27 2019, @09:25PM

    by Anonymous Coward on Sunday October 27 2019, @09:25PM (#912526)

    Lets say intc stays at 56 dollars a share

    20,000,000,000/56 ~= 357142857 shares

    Lets say their dividend stays at 1.26 That is 357142857*1.26 per year they 'keep' or about 449,999,999.82 lets call it 450 million :) so 20 billion div 450 milllion, or about 44 years to ROI on that. Or about 10-15 percent of their current dividend payout. As this has been increasing fairly rapidly over the past 10 years. They either increased their dividend a decent amount already or issued a bunch of debt disguised as shares recently. That they are not using it to wipe out their 29B in debt tells me that their debt must be very low to free to service (its not ~2.5 billion last year).

    Usually this is a stock prop up. Looks like it here too.

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