Sell Intel And Buy These World-Beater Dividend Blue Chips

Posted On March 6, 2023 5:26 am
By: Dividend Sensei

Intel Corporation just slashed its dividend by 66%.

It was the first dividend cut since the company began paying one 31 years ago.

Studies show that dividend cutters historically underperform and have higher volatility to boot.

When the dividend is cut, it’s time to sell.

Intel just confirmed its fundamentals are the worst in at least 31 years.

Intel’s new lower dividend will cost it $6.3 billion over the next three years and require $12 billion in new debt.

Its interest costs will soar by at least 140%.

If we get into a recession, Intel could suspend the dividend entirely.

Intel offers 7.7% long-term return potential, while these 2 rivals are thriving hyper-growth chip stocks with excellent management, wide moats, and efficient R&D.

They offer 19% to 26% long-term return potential, 2.5X to 3.5X more than Intel.

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Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.