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

TL;DR

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. For the past three quarters, the company has reported no common stock repurchases. However, those funds come with a long list of conditions, one of which being that the money can't be used for stock buybacks

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