Thursday January 28, 7:58 am Eastern Time
Company Press Release
Intel Announces a 2-For-1 Stock Split and Cash Dividend Increase
Split To Be Effected as a Special Stock Distribution
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 28, 1999--Intel Corporation [Nasdaq:INTC - news]'s Board of Directors has declared a 2-for-1 stock split to be effected as a special stock distribution of one share of common stock for each share of the company's common stock outstanding.
Stockholders of record on Mar. 23, 1999, will be entitled to one additional share of common stock for each share of the company's common stock held on that date.
The payment date will be Apr. 11, 1999. On or about that date the new shares will be mailed from the company's transfer agent, The Harris Trust and Savings Bank. The company expects that its outstanding common stock will begin to trade on a post-split basis on Apr. 12, 1999.
The Board of Directors also approved an increase in the company's quarterly cash dividend first paid after the stock split. On a post-split basis the dividend will be increased from $0.02 per share to $0.03 per share. That dividend is payable on June 1, 1999, to stockholders of record on May 7, 1999.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
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