Intel is raising its dividend 15% to 0.18 a share.The semiconductor titan says it is on track for its best year ever,with strong cash flow.
Kim Caughey Forrest,an analyst at Fort Pitt Capital Group,notes that companies hate to cut their dividends.Intel knows they can sustain this,so the increase is a good bullish signal for this stock.
They also really like SanDisk.SanDisk has a big footprint in the tablet arena.
Both companies are where the consumer is:at the laptop or the mobile end.
SanDisk is the leading manufacturer of flash memory cards for imaging,computing,mobile and gaming devices.Intel has also been expanding into the cyber security and mobile realms recently.
Intel(INTC),SanDisk(SNDK)
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