5 Dividend Stocks to Buy Now According to Kerr Neilson’s Hedge Fund

3. Intel Corporation (NASDAQ:INTC)

Stake Value of Platinum Asset Management: $811,000 

Percentage of Platinum Asset Management’s 13F Portfolio: 0.02%

Divided Yield as of April 12: 3.14%

Number of Hedge Fund Holders: 72

On January 26, 2022, Intel Corporation (NASDAQ:INTC) declared a quarterly cash dividend of $0.365 per share of common stock, up 5% from its prior dividend of $0.347. The dividend was payable on March 1 to shareholders of record on February 7.

Intel Corporation (NASDAQ:INTC) has been consistent with dividend hikes for over 19 years. As of April 12, 2022, the stock has a forward yield of 3.14% and boasts a 5-year dividend growth rate of 6.24%. By the end of the fourth quarter of 2021, 72 hedge funds held stakes in Intel Corporation (NASDAQ:INTC). The total value of these stakes was more than $5.50 billion.

This January, Intel Corporation (NASDAQ:INTC) announced its fiscal fourth-quarter results for 2021. According to the company’s earnings report, Intel Corporation (NASDAQ:INTC) generated revenues of $19.53 billion, outperforming market consensus by $1.21 billion. Moreover, the company reported earnings per share of $1.13, beating expert estimates by $0.34.