Yesterday, Intel (INTC) upped its dividend to 72.48 cents (ok, what's up with the fractional cents?). This brings the dividend yield up to a very respectable 3.4%.
Yet the dividend alone wouldn't make Intel a Net Payout Yield favorite. INTC also announced a $10B increase in the share repurchase plan, which increases the overall outstanding buyback to a whopping $14.2B.
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Disclosure: Long AAPL, CSCO, TXN, ACN. No position in INTC.