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Dog of the Dow #8, Intel (INTC)
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Mar 272012
 

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intel Dog of the Dow #8, Intel (INTC)The #8 dog of the Dow for 2012 is Intel, (Ticker symbol INTC).  Intel is an American semiconductor manufacturer.  They are the largest and most profitable chip maker in the world.  Intel is a 133 billion dollar cap company; and had a record 54 billion in sales in 2011.  Intel is headquartered in Santa Clara California.  The company was founded in 1968.  Intel is the youngest Dog of the Dow.

A theme of most of these Dogs of the Dow has been their stock history with growth.  However Intel has not followed that same pattern.  Intel saw a giant boom from 1998-2000 with the tech stock run up.  However, the stock fell off a cliff, so to speak and went from over 75 bucks a share in 2000 to 13 in 2002.  Since then, Intel has gone from a high PE tech stock to a solid blue chip company.

Since 2002, Intel has shown some growth, and is now around 27 dollars a share.  Intel has shown significant dividend growth during this time.  In 2003, the quarterly dividend was 2 cents a quarter and today it is 21 cents a share.

As mention above, Intel has continually increased their dividend for over the last 10 years.  The current quarterly dividend is 21 cents a share.  Its current dividend yield is 3.10%.  I fully expect that Intel will keep their dividend solid at this value and more than likely even increase this dividend before the end of 2012.

Intel’s earnings were reported at $2.44 for 2011 and projected to be $2.44 for 2012 and $2.62 for 2013.  This is a company that is continuing to grow, even with strong competition from other chip companies such as AMD.  All of this equates to an average P/E ratio of around 10.5.  Forward PE for 2012 is holding steady at 10.5.

My unofficial estimate is that INTC will increase in value as one of the Dogs of the Dow.  This Dog of the Dow will be at $32 a share by the end of the year, and the quarterly dividend will pay you 84 cents or maybe even a little more for the year.  Intel reminds me a lot of Microsoft, which was a tech stock that has been held down over the past many years until it established itself as a strong blue chip stock.  Intel stock will continue to provide solid earnings for the next many years, and could be a great buy and hold stock.  I expect Intel to break it open as the economy improves.

Disclosure: I currently do not own any shares of INTC.

Go back to my original post for 2012 Dogs of the Dow. 2012 Dogs of the Dow

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 Posted by on March 27, 2012 at 8:08 pm

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