Intel stock hits another 52-week low, then rallies

Associated Press Modified: November 9, 2012 at 12:30 pm •  Published: November 9, 2012

Even as the PC market has struggled, Intel remains highly profitable and in a strong enough financial position to be able to pay a quarterly dividend of 22.5 cents per share. That translates into an annual dividend yield of about 4.3 percent, an enticing return for investors who don't believe Intel's stock price will fall much lower.

Intel has designed a new type of chip for mobile devices in an attempt to become a bigger player in that market. The company, which is based in Santa Clara, Calif., also is counting on a revival in the PC market as Microsoft Corp.'s recently released overhaul of Windows spawns more devices that can work both as traditional laptops and touch-based tablets. Most of those hybrid machines are relying on Intel's chips.

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