Announces Five Percent Increase to Quarterly Cash Dividend
News Summary:
- Fourth-quarter revenue was $18.7 billion, up 9 percent year-over-year (YoY); and full-year revenue set an all time record of $70.8 billion, up 13 percent YoY.
- Delivered outstanding fourth-quarter earnings per share of $1.12 ($1.28 on a non-GAAP basis); achieved
record full-year operating income, net income and EPS. - In 2018, Intel generated a record $29.4 billion cash from operations, generated $14.3 billion of free cash flow
and returned nearly $16.3 billion to shareholders. - Expecting record 2019 revenue of approximately $71.5 billion and first-quarter revenue of approximately $16 billion.
SANTA CLARA, Calif., January 24, 2019 -- Intel Corporation today reported fourth-quarter and full-year 2018 financial results. The company also announced that its board of directors has approved a five percent increase in its cash dividend to $1.26 per-share on an annual basis.The board declared a quarterly dividend of $0.315 per-share on the company’s common stock, which will be payable on March 1 to shareholders of record on February 7.
“2018 was a truly remarkable year for Intel with record revenue in every business segment and record profits as we transform the company to pursue our biggest market opportunity ever,” said Bob Swan, Intel CFO and Interim CEO. “In the fourth quarter, we grew revenue, expanded earnings and previewed new 10nm-based products that position Intel to compete and win going forward. Looking ahead, we are forecasting another record year and raising the dividend based on our view that the explosive growth of data will drive continued demand for Intel products.”
In the fourth quarter, the company generated approximately $6.9 billion in cash from operations, paid dividends of $1.4 billion and used $2.3 billion to repurchase 51 million shares of stock.
^ No adjustment on a non-GAAP basis
1 Not meaningful due to Q4'17 tax impacts
* Data-centric businesses include DCG, IOTG, NSG, PSG and All Other, excluding McAfee
