Intel Adds $10 Billion to Stock Repurchase Plan, Increases Dividend

With a move made to communicate their confidence in the near- and long-term outlook for the company, Intel boosted their dividend 15 percent, along with increasing their share repurchase goal by $10 billion.

Intel CEO Paul Otellini, said "today's (Monday) announcement signals confidence in our fundamental business strategies both today and looking forward, allowing us to return more cash to shareholders."

Shareholders of record on February 7, 2011 will receive a dividend payable on March 1, 2011.

The dividend increase bring it to 72.48 cents a share on an annualized basis.

Concerning the share buyback, Intel boosted it from $4.2 billion to a hefty $14.2 billion, a $10 billion upwardly revised move.

Intel closed Monday at $21.24, up $0.42, or 2.02 percent.