Forget Intel Corporation: Here Are Two Better Dividend Stocks

Chipzilla offers a respectable dividend, but with a miserable PC market, there are better options for dividend investors.

With Intel's (NASDAQ:INTC) revenue and profit stagnating in recent years, driven by weak demand for PCs, the company's dividend has languished. The first dividend increase in more than two years came at the beginning of 2015, but the 6.7% boost was nothing to write home about. A slightly larger 8.3% dividend hike came at the beginning of this year, but with the PC market still struggling, Intel's ability to continue to raise the dividend may be limited going forward.

Intel stock currently yields 3.25%, but with dividend growth likely to be slow, there are better options for dividend investors. Qualcomm (NASDAQ: QCOM) is one such option, despite the challenges the company is facing. Qualcomm stock currently yields an impressive 4.2%, and, if history is any indication, a dividend increase may be coming this month. Cisco Systems(NASDAQ: CSCO) is another good bet, with a dividend yield of 3.75% following a recent 24% dividend hike.


Source: The Motley Fool