Thursday, February 3, 2011

Dividend Play: Intel

Today, I switched Altria (MO) out for Intel (INTC) in my Roth IRA. It was more of a socially aware move than anything else. I have enjoyed some good gains over the years with Altria, but decided to do go a different route.

Intel is a good pick up as it has been depressed a bit lately because of the computer industry's growth slowdown. Because of this it has been playing out quite well with a current yield of 3.4%. It also just raised it's dividend by over 14% to $.18 per share. That is quite good and I foresee at least 10% for years to come. This will double the yield on cost every 7 years.