updated 11/12/2010 9:35:57 AM ET 2010-11-12T14:35:57

Intel, the big chip maker, says it will raise its dividend by 15 percent and reaffirms that it is headed for its best year.

The move provides a counterpoint to the weak quarterly sales forecast from network gear maker Cisco Systems Inc. this week, which has weighed on stocks as a negative sign for the economy.

In a statement Friday, Intel Corp. CEO Paul Otellini said the company "remains on track to have our best year ever."

The company is raising its quarterly payout for investors to 18 cents per share from 15.75 cents starting with the first quarter of 2011.

Its stock is up 26 cents, or about 1 percent, to $21.47 ahead of regular trading.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com