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 SAN JOSE, Calif. (AP) - In a move to return cash to shareholders and boost its stock price, chip-maker Intel Corp. said Thursday it will increase its quarterly dividend by 25 percent and buy back up to $25 billion in common shares.
The dividend hike to 10 cents per share from 8 cents is a smaller increase than last year, when the company doubled the payout from 4 cents per share. The latest boost takes effect in the first quarter of 2006.
The stock buyback is a continuation of a program started in 1990.
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